IMF warns of Japan's worsening fiscal deficit under minority gov't

 driven by higher interest payments

Have any of these Einsteins stopped and thought about who receives those payments and what they do with all that money? If they did, their assessments would be a lot milder. They might even learn about how Japan can run such high fiscal debt for many, many years while maintaining the lowest interest rates and inflation of any of its peers.

A clear consolidation plan is needed... 

What does that mean?

The IMF expects Japan's economic growth to accelerate this year 

The writer forgot to add: "But if it were to follow the IMF's prescriptions, it would fall into a needless death spiral, as other countries have done after going ahead with the IMF's austerity recommendations."

But the IMF expects Japan's economic growth to accelerate this year on solid consumer spending, as wage growth outpacing inflation will boost households' disposable income, it said.

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When expectations become reality then that will be ‘real news’ but I’m not holding my breath…

The writer forgot to add: "But if it were to follow the IMF's prescriptions, it would fall into a needless death spiral, as other countries have done after going ahead with the IMF's austerity recommendations."

Absolutely

The important part is ‘ expenditure savings elsewhere’

The writer forgot to add: "But if it were to follow the IMF's prescriptions, it would fall into a needless death spiral, as other countries have done after going ahead with the IMF's austerity recommendations."

Japan is a mess economically, but the IMF does not have Japan's interests at heart. The IMF serves the interests of global bankers and the elite in the US and UK mostly.