It appears The IMF is willing to shake the boat of status quo, everything-is-awesome, once again. After proclaiming Greece is screwed and needs a haircut no matter what, the bank to save the world has unleashed a new report on Japan...
- *IMF SAYS JAPAN NEEDS DEEPER CUTS TO CURB ‘UNSUSTAINABLE’ DEBT
- *IMF: YEN MODERATELY WEAKER THAN IS CONSISTENT WITH FUNDAMENTALS
- *JAPAN DEBT RISKS SURGE TO TRIPLE GDP WITHOUT CHANGE, IMF SAYS
We assume Abe and Kuroda will disagree strongly, argue that they just need a little more devaluation and everything will be perfect. The slide in JPY suggests some more capital leaving their shores.
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