IMF’s Furusawa says premature for BOJ to withdraw stimulus

May 6, 2017 By Leika Kihara YOKOHAMA, Japan (Reuters) – Japan’s economy still needs support from ultra-loose monetary policy despite budding signs of recovery, a senior IMF official said, stressing that it was premature for the central bank to consider withdrawing stimulus any time soon. Mitsuhiro Furusawa, the International Monetary Fund’s deputy managing director, said Japan should proceed with gradual increases in the sales tax to rein in its huge public debt as its economy benefits from a rebound in global demand. But Japan’s economy has not strengthened enough to…

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