IMF says if volatility hits market liquidity, the BoJ should be ready for targeted interventions, such as emergency bond buying, and that Japan should avoid cutting consumption tax as it would weaken fiscal space and raise fiscal risks
Importance
Level 1
Says:
- It welcomes Japan's commitment to a flexible FX regime to support price stability and recommends the BOJ raise rates gradually to reach neutral by 2027.
#JAPAN#JPY#ASIA#BOJ#ECONOMIC COMMENTARY#FIXED INCOME#METALS#ASIAN SESSION#INTERNATIONAL MONETARY FUND#CENTRAL BANK#COMMODITIES#GOLD#METALS & MINING#MATERIALS (GROUP)