Kreuger gloomy in Tokyo

- Central Banking staff
- 06 Jun 2003

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IMF deputy managing director, Anne Kreuger brought a gloomy message to Tokyo on June 4. She commented "The outlook is for continued sluggish economic growth and for deflation to remain entrenched. At the same time, a major concern is the rapidly rising public debt, which in relation to GDP is now the highest by far among the G-7 countries."

The text of her June 4 statement follows:

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The following statement was made on June 4, 2003 by Ms. Anne

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