trending Market Intelligence /marketintelligence/en/news-insights/trending/xedu_xp12h48joaso8soxa2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

IMF calls for a 'fresh look' at Japan's Abenomics

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


IMF calls for a 'fresh look' at Japan's Abenomics

The International Monetary Fund on Oct. 4 urged Japan to come up with a "reinvigorated and credible" version of the Abenomics policy, warning that the planned rise in consumption tax in 2019 could undermine Japan's economic growth.

There has to be a "fresh look" at Abenomics, said Christine Lagarde, IMF's managing director. "The basic principles, in our view, are still valid but need to be broadened, sustained and accelerated."

While the IMF expects inflation to rise over the medium term, it will still likely remain below the Bank of Japan's 2% target. Fiscal policies have yet to put public debt on a sustainable path, and household incomes remain stagnant, the IMF said in its report following its annual mission to Japan.

Japan's aging and shrinking population could exacerbate these challenges, as the demographic changes will depress growth and productivity. "Our assessment is that the population and the size of the economy will actually shrink by 25% over the next 40 years," said Lagarde.

Japan's fiscal policy, in the short run, should protect growth. The IMF said the higher consumption tax should be accompanied by mitigating measures to protect near-term reflation and growth momentum.

The fiscal stance should remain neutral, at least for the next two years but beyond that the tax increase should be followed by further small, gradual increases. Lagarde said Japan should implement an eventual increase in consumption tax to at least 15%.

On the monetary front, the fund agrees with the BOJ's stance on continued monetary accommodation to achieve its 2% inflation target.