IMF Official Says BOJ May Need Faster Rate Hikes if Inflation Exceeds Forecast
A senior IMF official said the BOJ is normalising policy and may need to raise rates faster if inflation rises more than expected. The official also said Japan must clarify how it plans to fund its spending plan.
A senior International Monetary Fund official told Reuters that the Bank of Japan is "doing the right thing" by normalising monetary policy. The BOJ may need to raise interest rates more quickly if inflation rises more than expected. Japan also needs to clarify how it plans to fund its large spending plan…