IMF: Japan policy fails to revive economy, CPI target too rigid

The Washington-based International Monetary Fund (IMF) published its outlook on the Japanese economy on Monday, underscoring concerns over Japanese government policies that have failed to revive the economic growth.

Key Headlines:

Japan policy fails to revive econ; CPI target too rigid

Japan GDP growth seen +0.5% in 2016, +0.3% in 2017

Japan total CPI seen +0.2% in 2016, +0.6% in 2017

Japan economy does not need further stimulus from weaker yen

2% inflation target should be attained by domestic policy