The U.S. government shutdown could be bad news for Japan and its efforts to revive its economy, an International Monetary Fund official said on Tuesday.
According the IMF’s Mission Chief for Japan, Jerry Schiff, the U.S. political impasse, which looked set to move into its seventh day on Tuesday, threatens to complicate matters for Japan at a “critical time.”
“It’s important to remember Japan is doing something quite difficult,” said Schiff, referring to Prime Minister Shinzo Abe’s radical policy regime – dubbed “Abenomics” – which involves aggressive monetary easing, fiscal stimulus and structural reform.
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