Tokyo - Japan's near-term economic outlook has improved, bolstered by the new government's recent programme to end decades of deflation and revive the economy, but Tokyo has yet to formulate concrete measures, the International Monetary Fund (IMF) said Monday.
In this June 14, 2013 file photo, people ride on escalators at a shopping mall in Yokohama, near Tokyo. The International Monetary Fund says Japans economy is recovering from years of stagnation, but that far-reaching reforms and a credible plan are needed to reduce mounting debts and sustain growth in the long run. (AP photo)
There is ``uncertainty about long-term growth and fiscal risks'' as the government has announced only broad outlines of structural and fiscal reforms, the Washington-based international lender said in an annual report.
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