BoJ on target as IMF urges Abe to loose his other arrows

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The IMF today endorsed the Bank of Japan's (BoJ's) radical easing plan as a "sweeping enhancement" of its previous policy, but stressed that complementary growth and fiscal reforms "are essential for raising inflation in a durable manner".

In its Article IV consultation with Japan, released today, the IMF said the BoJ's qualitative and quantitative easing was boosting the country's domestic demand, inflation and growth prospects.

Japan's core inflation jumped to 0.4% in June – its highest level

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