IMF warns Japan on threat of debt

IMF warns Japan on threat of debt
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First Published: Fri, Nov 25 2011. 11 19 PM IST

The International Monetary Fund building stands in Washington, D.C., US. Photo: Bloomberg
The International Monetary Fund building stands in Washington, D.C., US. Photo: Bloomberg
Updated: Fri, Nov 25 2011. 11 19 PM IST
The International Monetary Fund building stands in Washington, D.C., US. Photo: Bloomberg
Tokyo: The International Monetary Fund warned in a new report that market concerns over fiscal sustainability could trigger a “sudden spike” in Japanese government bond yields that could quickly render the nation’s debt unsustainable as well as shake the global economy.
The fund’s Japan Sustainability Report, released on Wednesday, was a signal to Tokyo policy makers that the international community is already worried about fallouts from Japan’s potential fiscal problems, after debt problems in some European economies evolved into a Continent-wide crisis.
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The Wall Street Journal
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First Published: Fri, Nov 25 2011. 11 19 PM IST
More Topics: IMF | Japan | Debt | Bond | JGB |