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

[forex4you]

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 time
• BOJ must stand ready
  to tighten monetary policy if inflation remains too elevated
• BOJ will likely find
  it very difficult to tighten monetary policy while maintaining yield
  curve control
• It is probably safer
  for BOJ to first move away from control of long-term yield, then
  raise short-term rate when need arises to tighten policy

---

I'm pretty sure Bank of Japan Governor Ueda doesn't need any advice at all from the IMF.

                This article was written by Eamonn Sheridan at www.forexlive.com.

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

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