IMF urges Bank of Japan to 'stand ready' to up asset purchases

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The BoJ

The Bank of Japan (BoJ) should "stand ready" to launch further easing measures, the International Monetary Fund said today (July 23).

In contrast to 2014's advice, when the IMF gave its seal of approval to the BoJ's newly-launched easing policy, the fund now wants the Japanese central bank to prepare for further action, including more asset purchases.

The IMF stopped just short of recommending immediate action by the central bank. Kalpana Kochhar, the fund's mission chief for Japan, said in a co

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