IMF chief Christine Lagarde hailed Friday the Bank of Japan’s “very brave” surprise move to step up its support for the country’s recovery.
Lagarde praised Japan where “very brave monetary policy has been displayed, with a very constant and decided drive focused on taking Japan out of the rut where it has been for ten years,” in comments at a central bankers conference in Paris.
Japan will manage only 0.9 per cent growth this year, according to the latest forecasts by the OECD released this week, while inflation slowed to 3pc in September as household spending dropped.
