Friday: IMF says BOJ should be ready to provide more monetary stimulus

This is from late Friday last week, so just a catch up

The International Monetary Fund said in its annual survey of Japan's economy and policy that the Bank of Japan should be ready to implement further easing

• Said the BOJ's easing so far has failed to bring a "desired regime shift" toward 2% inflation, said prices have been stuck in a 1% range in recent months
• "This suggests that the BOJ needs to stand ready for further easing, provide stronger guidance to markets through enhanced communication, and put greater emphasis on achieving the 2 % inflation target"

IMF cited:

• Despite improvements in exports and consumption, the recovery in Japan remains "modest,"
• Warned that the greatest risks for the nation's outlook stem from "weak domestic demand and incomplete policies", which could result in "either stagnation or stagflation"

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USD/JPY not doing too much this morning to open the week after Friday's gain: