Pandemic unlikely to have "scarring" effects on Japan economy: IMF

Economy Society

The International Monetary Fund said Thursday the coronavirus pandemic is unlikely to have "significant scarring effects" on Japan, but the world's third-largest economy needs to work on post-pandemic policies to ensure sustainable growth despite its rapidly aging and shrinking population. Following consultations with the Japanese government on economic developments and policies, the IMF also said the country's tax revenues as a percentage of gross domestic product are low relative to the Group of Seven industrialized nations, leaving room for "increased revenue mobilization" such as through c...

Kyodo News

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