The latest IMF World Economic Outlook was out overnight.
Adam had the headlines here: IMF maintains global forecast but cuts US GDP
On Japan, the IMF:
- Said the Bank of Japan should buy more private assets to achieve its inflation target
- It also called on the BOJ to communicate better
- It didn't discuss the timing of any possible Japanese moves in its Outlook
- Said the impact of BOJ purchases "could be strengthened by increasing the share of private assets in purchases and extending the program to longer-maturity government bonds"
A BOJ representative declined to comment on the IMF suggestions (Guesses as to what he really wants to say to them in the comments please!)