IMF Endorses Further BOJ Rate Hikes as Oil Shock and Yen Weakness Test Japan’s Economic Resilience

The International Monetary Fund has given strong backing to the Bank of Japan’s tightening path, urging policymakers to continue raising interest rates even as the Middle East war introduces fresh downside risks to growth and new inflationary pressures for the world’s fourth-largest economy. The recommendation, issued after the IMF’s latest policy consultation with Japan, comes

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