The Bank of Japan (BOJ) has signaled that it will not engage in rapid rate hikes and is indicating a move towards ending its purchase of risky assets. Concurrently, the International Monetary Fund (IMF), through its Chief Economist Gita Gopinath, has advised the BOJ to proceed cautiously with increasing interest rates. Gopinath noted that wage hikes in Japan this year are expected to be higher than in previous years and acknowledged mixed data with downside risks to inflation. The IMF has also urged the BOJ to consider exiting its Yield Curve Control (YCC) and large-scale asset-buying program, citing that upside risks to inflation have materialized in the past year.
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
BOJ Rules Out Rapid Rate Hikes, Signals Ending Risky Asset Buying https://t.co/fvn6J89Wg1
BOJ rules out rapid rate hikes, signals ending risky asset buying https://t.co/q9lEzM3DVn https://t.co/QtNbexcM31