The IMF Executive Board supports Japan's gradual and data-dependent approach to further hikes in the short-term policy rate. Japan's commitment to a flexible exchange rate regime is endorsed by the IMF to absorb shocks and maintain price stability. The IMF highlights that the Bank of Japan's state-contingent purchases of JGBs will help mitigate excessive shifts in yields during policy transitions. Japan's Finance Minister emphasizes the importance of close communication with the BOJ on forex matters.
IMF urges BOJ to hike short-term policy rate at 'gradual pace' https://t.co/9Z1wX8EWkP
Japan Will Keep Close Communication with BOJ on Forex, Finance Minister Says https://t.co/vCz0VmP4Fq
IMF endorses Japan's commitment to flexible yen https://t.co/EhkNKS2go9 https://t.co/X3iGYsZmpP
⚠️ IMF ENDORSES JAPAN'S COMMITMENT TO FLEXIBLE YEN Full Story → https://t.co/2mWpTT3rU4
IMF STATEMENT: BOJ'S STATE-CONTINGENT PURCHASES OF JGBS WILL HELP MITIGATE EXCESSIVE SHIFTS IN YIELDS THAT COULD UNDERMINE FINANCIAL STABILITY DURING POLICY TRANSITION
IMF STATEMENT: JAPAN'S LONG-STANDING COMMITMENT TO FLEXIBLE EXCHANGE RATE REGIME WILL HELP ABSORB SHOCKS, SUPPORT MONETARY POLICY'S FOCUS ON PRICE STABILITY
IMF EXECUTIVE BOARD STATEMENT ON CONSULTATION WITH JAPAN: FURTHER HIKES IN JAPAN'S SHORT-TERM POLICY RATE SHOULD PROCEED AT GRADUAL PACE AND BE DATA-DEPENDENT