- Analytics
- News and Tools
- Market News
- IMF’s Gourinchas: BoJ should prepare for future tightening, move away from yield control
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.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
