World Economy

No BOJ Easing Needed

No BOJ Easing NeededNo BOJ Easing Needed

The Bank of Japan does not need to expand monetary policy in October even if it cuts its growth and price forecasts, as long as inflation expectations are well anchored, the IMF’s mission chief for Japan said on Friday, Reuters reported. Kalpana Kochhar, who is also deputy director of the International Monetary Fund’s Asia and Pacific Department, said there was a good chance the IMF would cut Japan’s economic growth forecasts for 2015 and 2016 in its next World Economic Outlook report as China’s slowdown and sluggish Asian demand weigh on exports.