7 May 2015
BOJ should Accelerate Stimulus Program - IMF
FXStreet (Mumbai) - An aggressive policy response is vital to achieving "escape velocity" for the Japanese economy, the International Monetary Fund said on Thursday.
The International Monetary Fund (IMF) noted in its biannual Regional Economic Outlook for Asia and the Pacific released on Thursday, 07 May 2015, "Further enhancements to the Bank of Japan's monetary stimulus may be warranted, particularly to the 'qualitative' part of monetary easing, if necessary to achieve the 2% price stability target,"
While the decision to postpone a second increase in the sales tax was "appropriate", it is necessary to design a strategy for medium-term fiscal consolidation, the IMF suggested.
The International Monetary Fund (IMF) noted in its biannual Regional Economic Outlook for Asia and the Pacific released on Thursday, 07 May 2015, "Further enhancements to the Bank of Japan's monetary stimulus may be warranted, particularly to the 'qualitative' part of monetary easing, if necessary to achieve the 2% price stability target,"
While the decision to postpone a second increase in the sales tax was "appropriate", it is necessary to design a strategy for medium-term fiscal consolidation, the IMF suggested.