Bloomberg News

IMF’s Zhu Sees Little Progress in U.S., Japan Fiscal Adjustment

October 02, 2011

Oct. 3 (Bloomberg) -- International Monetary Fund Deputy Managing Director Min Zhu said he sees “little progress” in fiscal adjustment in the U.S. and Japan.

A sharp withdrawl of fiscal stimulus in the U.S. “could be risky” at a time when risks to growth are significant, Zhu said in a speech in Tokyo today, according to a transcript on the IMF’s website. Adopting a medium-term fiscal adjustment strategy in the U.S. “would be more consistent with the uncertain growth outlook,” he said.

To contact the reporter on this story: Ken McCallum in Tokyo at kmccallum4@bloomberg.net

To contact the editor responsible for this story: Lily Nonomiya at lnonomiya@bloomberg.net


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