IMF staff tell BoJ to 'stand ready' to ease further

Bank of Japan

The Bank of Japan (BoJ) needs to ramp up its communications efforts and prepare to expand its monetary easing to achieve higher inflation, according to staff at the International Monetary Fund (IMF).

The comments, published today (May 22) at the conclusion of an article IV mission, come hours after the Japanese central bank announced it will continue to expand the country's money supply by ¥80 trillion annually.

Inflation in Japan has fallen back to zero this year, after initial growth following

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