Japan : 2016 Article IV consultation; press release; and staff report.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, [2016] ©2016
Description:	1 online resource (74 pages) : color illustrations.
Language:	English
Series:	IMF country report ; no. 16/267 IMF country report ; no. 16/267.
Subject:	International Monetary Fund -- Japan. International Monetary Fund. Fiscal policy -- Japan. Monetary policy -- Japan. Financial institutions -- Japan. Interest rates -- Japan. Economic history. Financial institutions. Fiscal policy. Interest rates. Monetary policy. Japan -- Economic conditions -- 1989- Japan.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12507570

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund, publisher.
ISBN:	9781475522105 147552210X
Notes:	"August 2016." Includes bibliographical references. Description based on online resource; title from pdf title page (IMF.org website, viewed September 23, 2016).
Summary:	Abenomics needs a significant policy upgrade to regain traction. Abenomics initially made good progress in revitalizing the economy, but the targets for growth, inflation, and the primary balance remain out of reach under current policies. Recognizing the risk of falling short, the authorities introduced a negative interest rate policy, delayed the planned consumption tax hike, and adopted additional structural reforms, but the outlook remains weak. Abenomics can still achieve its ambitious targets through a comprehensive and coordinated policy upgrade. In the absence of such a reload, policies and targets will need to be reset for more gradual and realistic progress to avoid adding to volatility and uncertainty.

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