IMF Official Says BoJ Does Not Need to Ease Further

February 12, 2014 Share Print 0

The Bank of Japan does not need to ease monetary policy further now with inflation heading toward the bank’s 2 percent price target, a senior International Monetary Fund official said.

But in light of recent global market turbulence, the central bank needs to monitor developments carefully and “take necessary action” if inflation shows signs of stalling, Jerry Schiff, deputy director of the IMF’s Asia and Pacific Department, told reporters in Tokyo.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.