BEIJING (Reuters) - A huge monetary stimulus package to be unleashed by the Bank of Japan this week is a welcome step in supporting growth in the world economy, the managing director of the International Monetary Fund (IMF) said on Sunday.
"Monetary policies - including unconventional measures -- have helped prop up the advanced economies, and in turn, global growth," Christine Lagarde told a forum in south China.
"The reforms just announced by the Bank of Japan are another welcome step in this direction."
(Reporting by Koh Gui Qing; Editing by Benjamin Kang Lim and Robert Birsel)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app