IMF advises Japan to balance its budget and avoid new debt amid upcoming interest rate hikes.

The International Monetary Fund (IMF) has recommended that Japan balance its budget and avoid new debt as the Bank of Japan prepares for gradual interest rate increases. IMF officials emphasize fiscal consolidation and suggest financing new initiatives within the existing budget. Japan's public debt is significant, largely due to past spending and rising social welfare costs. The IMF advocates for targeted support to address living costs without further debt accumulation.

November 01, 2024
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