You are here

IMF to Tokyo and its central bank: 'Take bolder policy actions'

IMF's stern report follows Bank of Japan's decision to stay the course in monetary policy

EXPECTATIONS BUILT UP: The IMF said inflation expectations have risen markedly since the BOJ's monetary easing, but the rate has been broadly flat lately, suggesting that the desired 'regime shift' has not happened.


WITHIN hours of the Policy Board of the Bank of Japan (BOJ) deciding on Friday to maintain monetary easing at current levels, a terse report from the International Monetary Fund (IMF) urged the Japanese central bank to be more proactive in ridding the nation of its long-standing