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Japan economic outlook still uncertain: IMF

Japan economic outlook still uncertain: IMF article image

Elements of Japan's economy have stabilised, but the outlook for the country is still uncertain, according to the International Monetary Fund (IMF). It says Japan's economy will rely on global conditions, yet to be determined. The IMF World Economic Outlook report has predicted that Japan's economy will contract by six percent this year, with just 1.7 percent growth expected for 2010. In addition to sound government policy, the report said "a sustained recovery will ultimately depend on an upturn overseas". Stimulus spending by the Japanese government will contribute two percent to the economy in 2010, the IMF estimates.

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