IMF says Japan may need monetary easing for 'extended period'

“The sustainability of the recovery over the medium term is at risk,” the IMF said, adding that “more forceful reforms are needed to tackle growth impediments”.

failing to achieve....IMF is always with you, A standby rescue friend.

Too bad about that stupid consumption tax hike, which could well put the recovery at risk.

Either you implement expansionary policies or put the brakes on. You don't do both...at the same time!

Is this all about protecting bond holders?

But Japan already has the largest debt in the world.

Instead of more forceful reforms, we should arrange a brain-competition for solving the problem. Who's up?

"Is this all about protecting bond holders?"

The opposite. It's about getting rid of bond holders and making them invest in other instruments.

Full speed ahead! Cap'n Keynesian at the helm. Drill another hole in the hull to let the water drain out! Why is the waterline getting so high to the rail? More steam!

Abenomics is leading the SS Nipponmaru straight over the edge toward the abyss. The IMF is equally bereft of any good sense whatsoever.

@lee,

Looks like the yen will futher weaken: Nomura’s forecast predicts that the “GPIF and other public pension funds will shift an additional 12.4 trillion yen ($122 billion) into foreign bonds and 7.5 trillion yen into overseas stocks.” Besides restructuring the GPIF’s assets, the sell-off of government bonds would also further weaken the yen, with a Bloomberg poll based on the median estimate of 79 strategists suggesting the Japanese currency could trade at 108 yen to the dollar by the end of the year