Abenomics describes the plans of Japanese Prime Minister Shinzo Abe to revive growth in the world’s third largest economy, which is struggling to find traction under the impact of a strong yen and stubborn deflation. 

David Lipton, the first deputy managing director of the IMF, sees no problem with the sharp fall in the yen – as long as it is accompanied by fiscal and structural reform. Photo: AFP

IMF backs Japan’s ’Abenomics’, but warns of risks

The International Monetary Fund on Friday gave a cautious thumbs up to Japan’s economy-boosting efforts, but warned there are “considerable downside risks” if Tokyo doesn’t chop its huge national debt.

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