TOKYO: The International Monetary Fund (IMF) has cut Japan’s economic growth forecast and urged policymakers to consider preparing a contingency plan in case the Ukraine crisis derails a fragile recovery.
While rising commodity costs could push up inflation, the Bank of Japan (BoJ) must maintain ultra-easy policy for a prolonged period to sustainably hit its 2% inflation target, the IMF said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!