IMF calls on Japan to revamp ‘Abenomics’ to boost flagging economic growth

The head of the IMF on Thursday called for an overhaul of Japan’s economic policy, as the world’s third-biggest economy battles stubborn low inflation, sluggish growth and a rapidly ageing population.
Christine Lagarde called for a “fresh look” at “Abenomics”, the economic policy of Prime Minister Shinzo Abe, which combines ultra-loose monetary policy with fiscal stimulus and structural reforms.
“We believe that it will require a revamping of policies….