IMF says its too early for Japan to exit from easy monetary policy
A senior International Monetary Fund official dragged himself away from a Bali beach long enough to comment on the Bank of Japan
- "too early" to talk about normalising monetary policy in Japan
- will take a long time to achieve the Bank of Japan's 2 percent inflation target
- added that ultra-loose monetary policy must be accompanied by other efforts, such as structural reforms
Huh. This even though we know the BOJ is taking tiny little baby steps backing away from extraordinary loose policy.