Reported 1 day ago
The International Monetary Fund (IMF) projects that the Bank of Japan (BOJ) will increase interest rates this year, aiming for a neutral economic rate between 1% to 2% by the end of 2027. A senior IMF official highlighted that Japan's economy is expected to grow by 1.1% this year, supported by rising wages and stronger domestic demand. The BOJ recently raised short-term rates amid efforts to achieve its inflation target, and the IMF recommends Japan focus on fiscal reforms and smarter spending to support long-term growth.
Source: YAHOO