The International Monetary Fund (IMF) has urged the Bank of Japan (BOJ) to end its negative interest rate policy and bond yield control, while also scaling back its massive asset-buying program. IMF First Deputy Managing Director Gita Gopinath emphasized the importance of the BOJ moving cautiously in raising interest rates to ensure financial stability. She also mentioned that Japan's wage hikes this year are expected to be higher than in previous years and acknowledged the mixed data on inflation, with upside risks having materialized over the past year. BOJ Governor Kazuo Ueda, addressing the parliament, stated that even after ending the negative rates, Japan's financial conditions are likely to remain accommodative.
When and if the BOJ terminates its negative interest rate policy, how far will it go? A speech by Deputy Gov. Shinichi Uchida offers reassuring clues, but no concrete promises. https://t.co/KTWdSj7dWE
IMF urges BOJ to wind down monetary easing, gradually raise rates https://t.co/RfB4eRATPf
BOJ Should Exit YCC, Raise Policy Rate - IMF Article IV https://t.co/I89tbAd7lN
A top Thai monetary policymaker says the central bank is willing to lower borrowing costs if it is convinced that the weakness in the economy is persistent and not transitory https://t.co/8IEAsytEzT
IMF's Gopinath urges BOJ to go slow in raising interest rates https://t.co/HAg0NjN7wt https://t.co/29O83Ihaz8
IMF urges BOJ to end bond yield control, huge asset buying https://t.co/OVKwMdMmkr https://t.co/fghVYBjghl
IMF Urges BoJ To End Bond Yield Control, Huge Asset Buying - USN https://t.co/f4SKWoCAws
IMF’s Gopinath: Japan’s Wage Hikes This Year Seen Higher Than Previous - Sees Downside Risks To Inflation, Says Data Is Mixed
IMF: BoJ Should Consider Exiting YCC And Asset-Buying Programme, Then Raise Rates Gradually - Upside Risks To Inflation Have Materialized In The Past Year
⚠️ IMF URGES BOJ TO END BOND YIELD CONTROL, HUGE ASSET BUYING Full Story → https://t.co/wKMWBbv34U https://t.co/vSvPEYVLSS
⚠️ IMF'S GOPINATH URGES BOJ TO GO SLOW IN RAISING INTEREST RATES Full Story → https://t.co/Qch0YyV8RB https://t.co/kwFvHRnDLJ
🔴 IMF FIRST DEPUTY MANAGING DIRECTOR GOPINATH BELIEVES BOJ CAN SMOOTHLY END NEGATIVE RATES DUE TO THE MARKET PERCEPTION OF LONG-TERM LOW BORROWING COSTS.
And this AM, BOJ Governor Ueda is in front of parliament saying “Even if we end minus rates, the accommodative financial conditions will likely continue” That's 3 BOJ Gov/DepGovs with that message in 2 days. https://t.co/kWzTDl0CnY https://t.co/2IhTVyi8Wu
Financial conditions in Japan will remain easy for the time being even after the Bank of Japan puts an end to the world’s last negative rate regime, Governor Kazuo Ueda says https://t.co/OdjkNkRuC7