TOKYO  – The Bank of Japan must keep monetary policy ultra-loose as it will take time to re-anchor inflation expectations to its 2-percent target, International Monetary Fund’s chief economist Pierre-Olivier Gourinchas told Reuters. But the central bank must be vigilant to the risk of price growth overshooting expectations, and be ready to tighten policy if … Continue reading IMF urges BOJ to keep ultra-low rates, but be ready to shift course