🇯🇵📈 IMF Urges Japan to Stay the Course on Rate Hikes — Warns Against Food Tax Cut $NAORIS
The IMF has advised Japan not to loosen fiscal policy following political promises to suspend the food consumption tax. Instead, it supports continued gradual rate hikes and stressed the importance of BOJ independence. $GUN
⚠️ Why it matters:
Japan already has one of the highest debt-to-GDP ratios globally. Fiscal easing could strain debt metrics and complicate monetary tightening.
💴 Market Impact:
• Pressure on JGBs
• Yen volatility
• Rising long-end yields
📰 Source: Reuters