IMF’s Gourinchas: Too early for Bank of Japan to tighten monetary policy

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International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas said on Thursday, it is “too early for the Bank of Japan (BoJ) to tighten monetary policy as re-anchoring inflation expectations to its 2% target will take time.

USD/JPY is catching a fresh bid on the above comments, trading 0.13% higher on the day at 139.52, as of writing.

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