Wednesday, April 11, 2007

Japan consumer spending uncertainty poses risk-IMF

(Reuters) - Tokyo will need to continue to find ways to trim its fiscal deficit and prepare for eventual interest rate normalization to avoid shocks to carry-trade investors, the IMF said in its twice-yearly World Economic Outlook.

"The economy's underlying momentum remains robust, with private investment expanding -- supported by strong profits, improved corporate balance sheets, and the resumption of bank lending -- and rising export growth," it said.


Read more at Reuters.com Economic News

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