IMF says further, gradual, BOJ short-term rates hikes should continue, data dependent ...Middle East

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IMF Executive Board statement on consultation with Japan: Further hikes in Japan's short-term policy rate should proceed at a gradual pace and be data-dependentJapan's long-standing commitment to flexible exchange rate regime will help absorb shocks, support monetary policy's focus on price stabilityBOJ's state-contingent purchases of JGBs will help mitigate excessive shifts in yields that could undermine financial stability during policy transitionClear, effective communication strategy by BOJ that continues to underscore factors behind pace of rate hike will be key This article was written by Eamonn Sheridan at www.forexlive.com.

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Last updated : 14 May 2024 clock 02:45 AM

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IMF says further, gradual, BOJ short-term rates hikes should continue, data dependent ...Middle East

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