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Abenomics needs more reforms to be effective: IMF

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Japan needs to stick to a consistent policy and its central bank must be more effective in communicating its policy if it is to defeat the country's deflationary conditions, the International Monetary Fund said in a paper released on Monday.

IMF urges G20 to champion globalisation at China summit


The International Monetary Fund (IMF) has called for the leaders of the world’s leading economies to make a positive case for globalisation after voicing concern that prolonged slow growth and rising inequality is eroding support for free trade and open markets.


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China's rich to get even richer this year

The Chinese believe the Lunar New Year is about ushering in luck and fortune, and this year may be particularly prosperous for the country's wealthiest, according to research firm WealthX.