Policy normalization needed to promote investment and growth environment
Improved fiscal health will help prepare Japan for any “new shocks,” particularly since the country is vulnerable to natural disasters, said IMF Managing Director Kristalina Georgieva. (Photo by Sae Kamae)
TOKYO -- Kristalina Georgieva, managing director of the International Monetary Fund, said Japan’s efforts to maintain its fiscal grip are “so important” to support its aging population and prepare for any new shocks to the economy, as the country normalizes its monetary policy.
Policy normalization means that “there would be interest rates to be paid,” Georgieva said during an interview on Tuesday in Tokyo. “Therefore, it is so important that the government remains focused on rebuilding fiscal space.”
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