-- The International Monetary Fund said that it sees no factors that would compel Japan to intervene in the foreign exchange market to support the yen.Wider War in Middle East Could Tip the World Economy Into Recession
Whether Japan will intervene to support the yen has been a key focus lately, with the currency staying near 150 per dollar. Panth’s remarks come a day after Japan’s top currency official sent a warning to traders, directly hinting at the possibility of intervention to Group of 20 counterparts if the yen moves excessively.The veteran IMF official refrained from forecasting the timing for the end of negative interest rate and a yield curve control.
The IMF raised its forecasts for Japan’s price gains this week, projecting that inflation in the world’s third-largest economy will run much hotter than the BOJ’s 2% target over the next year. Japan’s key inflation measure has stayed above the price goal for a 17th month. Since the latest quarterly outlook report in July, the yen has weakened and oil prices have risen, boosting market expectations for the central bank to raise its projection again.
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I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.OTTAWA — The parliamentary budget officer says higher interest rates will lead the economy to stagnate in the second half of the year, with a new report suggesting the federal deficit will rise significantly this fiscal year.
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