IMF’s Lagarde: Aging, productivity pose challenges to Asia

International Monetary Fund Managing Director Christine Lagarde attends a seminar in Tokyo
International Monetary Fund (IMF) Managing Director Christine Lagarde attends a seminar to mark 20th anniversary of the launch of IMF's Asia-Pacific Office, in Tokyo, Japan November 8, 2017. REUTERS/Issei Kato

November 8, 2017

TOKYO (Reuters) – Two big challenges to achieving sustainable growth in Asia are demographics and productivity, the head of the International Monetary Fund said on Wednesday.

Japan, South Korea, and China will need to take steps to deal with their rapidly aging societies, IMF Managing Director Christine Lagarde said at a seminar in Tokyo.

Improving productivity is a problem that all Asian countries face, she said.

Lagarde also said there was more room for Japan to improve access to childcare, lower working hours, and promote equal pay for equal work.

(Reporting by Stanley White; Editing by Chang-Ran Kim)