- IMF’s Gourinchas: BoJ should prepare for future tightening, move away from yield control
Noticias del mercado
IMF’s Gourinchas: BoJ should prepare for future tightening, move away from yield control
Commenting on the Bank of Japan’s (BoJ) monetary policy outlook, the International Monetary Fund's chief economist Pierre-Olivier Gourinchas said late Tuesday, the Japanese central bank must start preparing for future monetary tightening by moving away from its yield curve control (YCC) policy.
Key quotes
"Right now, the risk is probably on the upside, that maybe inflation pressures will continue to remain above the target,"
"Our advice for Japanese authorities there is that right now, monetary policy can remain accommodative, but it needs to prepare itself for the need to maybe start hiking.”
“The IMF was encouraging Japan to "be a bit more flexible and maybe move away from the yield-curve control that it has now.”
Market reaction
USD/JPY was last seen trading at 141.15, up 0.19% on the day.
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