ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Politics

IMF raises alarm over Japan's massive pandemic spending

Extra budgets to aid coronavirus-battered economy push debt to 259% of GDP

Japan has compiled multiple supplementary budgets to support a pandemic-battered economy.    © Reuters

TOKYO -- Japan's policy response to the pandemic has been "exceptionally strong," the International Monetary Fund said on Friday, but warned against its repeated use of supplementary budgets that has led to a major spike in spending. 

"Sizable supplementary budgets have been frequently assembled, leading to upward revisions of expenditures from the initial budgets," the IMF said in a statement after its review, urging Japan to restore "predictability" in the size of spending. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more