IMF endorses Japan's commitment to flexible yen

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Pro-Palestinian encampment at Dalhousie University - May 13, 2024 | SaltWire #news #halifax #protestTOKYO - The International Monetary Fund said Japan's commitment to allow the yen to move flexibly will help the central bank focus on achieving price stability, warning against growing calls by some analysts to use monetary policy to slow the currency's decline.

By purchasing government bonds flexibly in accordance to market developments, the BOJ can"mitigate excessive shifts in yields" that could hurt Japan's financial system during its historical transition from ultra-loose monetary policy, the IMF said.

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