IMF says Japan's 'aggressive' QQE could be needed for ‘extended period’
IMF projections put annual inflation at 2% target in 2017
The Bank of Japan (BoJ) may need to maintain its "current aggressive pace" of asset purchases for an "extended period of time" according to the International Monetary Fund (IMF) – and should consider providing forward guidance on its quantitative and qualitative easing (QQE) programme.
The BoJ is attempting to increase Japan's monetary base by around ¥60–70 trillion ($590–690 billion) each year by purchasing Japanese government bonds, exchange-traded funds and real estate investment trusts.
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