WASHINGTON (AFP) - Former World Bank president Robert Zoellick said on Monday Japan's economic drive needed accompanying structural reforms, voicing fear that recent growth could be just a "sugar high". Japan posted 0.9 per cent quarter-to-quarter growth in the three months through March, during which time Prime Minister Shinzo Abe took charge with a platform that has featured ramping up money supply and intense fiscal stimulus.

"On the one hand, I think it's understandable that Prime Minister Abe would come in and try to have some shock effect. But no one should be under the illusion that this isn't a big if," said Mr Zoellick, whose term ended last year.

"What I would watch... (is) how do you make sure that it isn't just a sugar high? How do you make sure that there is a follow-through?" Mr Zoellick told a forum on relations between the United States (US) and New Zealand.

Mr Zoellick, who served in senior positions in former US president George W Bush's administration, said Japan already had a debt problem and needed to go through structural changes to liberalise its economy.

 

Pedestrians cross a street in Tokyo's Ginza shopping district May 16, 2013. Former World Bank president Robert Zoellick said on Monday Japan's economic drive needed accompanying structural reforms, voicing fear that recent growth could be just a "sugar high". Japan posted 0.9 per cent quarter-to-quarter growth in the three months through March. -- FILE PHOTO: REUTERS

 

 
本篇文章引用自http://www.straitstimes.com/breaking-news/money/story/former-world-bank-chief-warns-japan-sugar-high-20130521

 

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