Monetary Fund (IMF) of Asia states that "as the inflation rates are still
lower in Japan, the Bank of Japan (Boj) is very thoughtful in implementing the
accommodative monetary policies."
IMF's Gukde Wolf,
the Deputy Director of Asa and Pacific, commented as follows:
- With growth
lower than predicted and inflation higher than predicted, the Asian area
is facing a stag flationary outlook.
prolonged and widespread lockdowns in China took their toll on the Chinese
economy, which led to the high cuts in the Chinese property market.
- Depending on
domestic inflation developments and external pressures, the speed of
monetary tightening policies is required in the majority of countries.
recent increases, inflation in Japan remains low, allowing the Bank of
Japan to be more accommodating than the Fed and the ECB.
- The low yen
currency value has made imports more expensive for Japan, as there is a
chance of an increase in exports and it impacts the offsets.