IMF paper warns half-hearted Japanese reforms would push up long-term rates
Japanese efforts to end deflation could push up long-term yields in the country if planned structural and fiscal reforms "disappoint" according to an International Monetary Fund (IMF) working paper published last week.
In Outlook for Interest Rates and Japanese Banks' Risk Exposures under Abenomics, Serkan Arslanalp and Raphael Lam assess the longer-term impact of the easy monetary policy, fiscal stimulus and structural reforms being introduced in Japan.
The authors warn that "deteriorating
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