IMF says its too soon for the BOJ to tighten monetary policy

International Monetary Fund's chief economist Pierre-Olivier Gourinchas spoke with Reuters.

In brief:

• Too early for BOJ to tighten monetary policy as re-anchoring inflation
  Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations to its 2% target will take time
• BOJ must stand ready to tighten monetary policy if inflation remains too elevated
• BOJ will likely find it very difficult to tighten monetary policy while maintaining yield
  Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term curve control
• It is probably safer for BOJ to first move away from control of long-term yield, then raise short-term rate when need arises to tighten policy

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I'm pretty sure Bank of Japan Governor Ueda doesn't need any advice at all from the IMF.