ICYMI - IMF says the Bank of Japan is facing challenges ensuring price stabilityInternational Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas spoke on Tuesday (US time).
He had remarks on the Fed posted earlier:
and the IMF published its latest growth forecasts on Tuesday:
Gourinchas also spoke on Japan, concerned on short term inflation but seems a little more confident gfurhter out:
Bank of Japan faces challenge in ensuring price stability in
short-to-medium term- Cuts Japan 2024
economy growth forecast to 0.7% from 0.9% projected in April on auto
disruptions. - Strong outcome of
wage talks likely to support turnaround in Japan consumption in H2 - Wage growth with
weak productivity gains may make it difficult for firms to moderate
price increases.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: ICYMI - IMF says the Bank of Japan is facing challenges ensuring price stability (https://www.forexlive.com/centralbank/icymi-imf-says-the-bank-of-japan-is-facing-challenges-ensuring-price-stability-20240716/)
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