ICYMI – IMF says the Bank of Japan is facing challenges ensuring price stability

International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas spoke on Tuesday (US time).

He had remarks on the Fed posted earlier:

and the IMF published its latest growth forecasts on Tuesday:

Gourinchas also spoke on Japan, concerned on short term inflation but seems a little more confident gfurhter out:

  • Bank of Japan faces challenge in ensuring price stability in
    short-to-medium term
  • Cuts Japan 2024
    economy growth forecast to 0.7% from 0.9% projected in April on auto
    disruptions.
  • Strong outcome of
    wage talks likely to support turnaround in Japan consumption in H2
  • Wage growth with
    weak productivity gains may make it difficult for firms to moderate
    price increases.

This article was written by Eamonn Sheridan at www.forexlive.com. Source