IMF says Japan's 'aggressive' QQE could be needed for ‘extended period’

bank-of-japan

The Bank of Japan (BoJ) may need to maintain its "current aggressive pace" of asset purchases for an "extended period of time" according to the International Monetary Fund (IMF) – and should consider providing forward guidance on its quantitative and qualitative easing (QQE) programme.

The BoJ is attempting to increase Japan's monetary base by around ¥60–70 trillion ($590–690 billion) each year by purchasing Japanese government bonds, exchange-traded funds and real estate investment trusts.

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