IMF Not So Worried Over Weak Yen


The International Monetary Fund said on Friday that it does not see a weak yen as problematic if Japan's monetary easing is aimed at domestic goals and accompanied by comprehensive fiscal and structural reforms.

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The Bank of Japan is taking appropriate steps to contain excessive volatility in the government bonds market, the IMF said in a statement following its annual review of Japan's economy and economic policies.

It also said the central bank could achieve its 2 percent inflation target in the near to medium term if fiscal and structural reforms are implemented.