IMF Says BOJ May Need Faster Rate Hikes if Inflation Exceeds Forecast
A senior IMF official said the Bank of Japan may need to raise rates faster if inflation rises more than expected.
The Bank of Japan is taking the right approach by normalising monetary policy and may need to accelerate interest-rate increases if inflation runs above expectations, a senior International Monetary Fund official told Reuters. Japan also needs to clarify how it intends to finance its large spending plan…