Macroscope | Why the IMF is right to press Japan on its fiscal risks

Macroscope | Why the IMF is right to press Japan on its fiscal risks

The International Monetary Fund (IMF) is at last showing a bit of spirit. While it might not yet be attacking the egregious economic and financial antics of US President Donald Trump, it is at least turning its attention to the fiscal foibles of Japanese Prime Minister Sanae Takaichi. This matters more now than has been the case in recent years, or even decades, because what Japan does in terms of its fiscal and monetary policy is beginning to h…