IMF urges 'reloaded' Abenomics for Japan growth targets

The IMF said Monday that Japanese Prime Minister Shinzo Abe's eponymous economic revitalisation plan needs to be "reloaded" with steps to increase incomes and achieve labour reforms to meet ambitious growth and inflation targets. Abe swept to power in late 2012 on a pledge to kick-start the world's number three economy with his "Abenomics" policy blitz -- a mix of massive central bank monetary easing, government spending and efforts to slash red tape. The plan got off to a promising start as it