IMF’s Shinohara: BOJ should ease policy further
WASHINGTON (Reuters) – The Bank of Japan should ease monetary policy to support its still-fragile economy as it has room to take further unconventional steps, a senior International Monetary Fund official said on Thursday. “Looking at Japan’s economy, I don’t see any fears of inflation. Rather, there’s a risk deflation may worsen given its demographics and weak economic growth,” IMF Deputy Managing Director Naoyuki Shinohara said. “Japan, with little room for additional fiscal stimulus, needs to rely more on monetary policy,” he told Reuters in an interview. . . .
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