IMF’s Georgieva says fiscal grip ‘so important’ to Japan

TOKYO — Kristalina Georgieva, managing director of the International Monetary Fund, said Japan’s efforts to maintain its fiscal grip are “so important” to support its aging population and prepare for any new shocks to the economy, as the country normalizes its monetary policy. 

Policy normalization means that “there would be interest rates to be paid,” Georgieva said during an interview on Tuesday in Tokyo. “Therefore, it is so important that the government remains focused on rebuilding fiscal space.”