IMF urges mid-term plan for Japan debt reduction
DAVOS, Switzerland (Reuters) - The head of the International Monetary Fund called on Saturday for Japan to put forward a medium-term plan to reduce its public debt after this week's bold monetary and fiscal stimulus measures.
IMF Managing Director Christine Lagarde told the World Economic Forum in Davos: "Japan has made very important decisions. We are very interested in these policies. We would like them to complement it with a mid-term plan on how the debt would be reduced."
(Reporting by Lisa Jucca; Writing by Paul Taylor)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.