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IMF says its too soon for the BOJ to tighten monetary policy

IMF says its too soon for the BOJ to tighten monetary policy
International Monetary Fund's chief economist Pierre-Olivier Gourinchas spoke with Reuters.In brief: Too early for BOJ to tighten monetary policy as re-anchoring inflation expectations to its 2% target will take timeBOJ must stand ready to tighten monetary policy if inflation remains too elevatedBOJ will likely find it very difficult to tighten monetary policy while maintaining yield curve controlIt is probably safer for BOJ to first move away from control of long-term yield, then raise short-t... Read More
Posted: Jun 1 2023, 03:30
Author Name: forexlive
Views: 081384

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