BoJ should consider ending yield curve control – IMF
The International Monetary Fund has urged the Bank of Japan to increase the flexibility of its yield curve control or abandon the policy altogether.
The IMF cited a series of upside risks to inflation in a statement today (January 26) at the end of its Article IV mission to Japan. The weaker exchange rate, border reopening, imported inflation, fiscal support and “higher-than-expected” wage growth are all at risk of driving prices up further. Headline inflation hit 4% in December, double the BoJ
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