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7 Feb 2025

IMF’s Gopinath: Japan’s services inflation remains below 2% target

Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), said Friday that “Japan’s services inflation remains below 2% target, which is why remains appropriate the Bank of Japan (BoJ) to maintain accommodative monetary policy.”

Additional quotes

We see positive signs of Japan's inflation moving durably to the 2% target.

We support the BoJ’s approach in moving gradually, being data-dependent in raising interest rates.

Bit early to have any very precise analysis of what consequences of trump trade tariffs will be.

Overall, we recognize big benefits of Japan from its commitment to flexible exchange rate policy.

Exporting firms make large profits by weak Yen, which also brings beneficial effects through tourism.

Households with income constraints can feel consequences of higher prices via import costs from weaker Yen.

It's in interest of all countries to work together, take care of disagreements and ensure there is enabling environment for international trade, when asked about impact of trade fragmentation.

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Feb 7, 2025

IMF: BoJ likely to raise interest rates again this year

Nada Choueiri, Deputy Director of the International Monetary Fund’s (IMF) Asia-Pacific Department and its mission chief for Japan, said on Friday that the “Bank of Japan (BoJ) is likely to raise interest rates again this year.” Additional quotes See them reaching levels deemed neutral to the economy by end-2027.
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Feb 7, 2025

Japanese Yen retreats against USD amid some repositioning ahead of US NFP

The Japanese Yen (JPY) prolongs its uptrend for the fourth successive day and advances to a nearly two-month high against its American counterpart during the Asian session on Friday.
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