IMF, BOJ member say Japan needs to keep stimulus running

Reuters, Nov 8, 2017
by Leika Kihara and Sumio Ito

TOKYO/MIYAZAKI, Japan (Reuters) - The IMF on Wednesday urged Japan to maintain its massive monetary stimulus to boost consumer prices, a view echoed by a central bank board member, reinforcing expectations policy will remain accommodative.

International Monetary Fund Managing Director Christine Lagarde said Bank of Japan Governor Haruhiko Kuroda was doing the right thing by committing to keep the money spigot wide open until inflation hit his 2 percent target.

“One of the strengths of central bankers is to be very clear in their communication and determined in their resolve, which clearly Governor Kuroda has demonstrated,” Lagarde told Reuters on Wednesday.

To continue reading, click here.