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.
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