The International Monetary Fund said Japan's economic imbalances are still high and called on the nation to press ahead with reforms even after next year's planned boost in the consumption tax. "Unprecedented monetary easing, supported by fiscal stimulus, would boost the near-term outlook, but also carries major risks. Hence, it is essential to complete a full package of reforms, including medium-term fiscal consolidation and growth-enhancing structural reform," the IMF said.

Related Summaries