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IMF says Japan needs to stick with fiscal, monetary stimulus

Reuters  |  TOKYO 

By Tetsushi Kajimoto and Stanley WhiteTOKYO (Reuters) - The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks to the economy materialise, warning of weak consumption that remains vulnerable to external shocks.While the Bank of Japan should maintain its ultra-loose policy, it should do so by focusing on capping long-term interest rates under its yield curve control policy, the IMF said on Monday.To clarify that stance and enhance communication of its policy, the central bank should "phase out" a ...

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First Published: Mon, June 19 2017. 16:44 IST