Gita Gopinath is the First Deputy Managing Director of the International Monetary Fund (IMF):
We support the Bank of Japan's approach of moving gradually and being data-dependent in raising interest rates.There are positive signs that Japan's inflation is moving durably toward the 2% target.Japan’s services inflation remains below the 2% target, which is why it remains appropriate for the Bank of Japan to maintain an accommodative monetary policy.It's still too early to provide a precise analysis of the consequences of Trump's trade tariffs.Adding to earlier comments from other officials at the iMF:
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