Christine Lagarde has welcomed the huge monetary stimulus plan unveiled by Japan and says it will help to boost global growth at a time when the outlook is starting to improve.
The Bank of Japan last week announced it aimed to double its monetary base over two years through the aggressive purchase of long-term bonds, in a shift from previous policy.
Ms Lagarde, the International Monetary Fund’s managing director, said loose monetary policies and “unconventional measures” had helped global growth and “the reforms just announced by the BoJ are another welcome step in this direction”. She was speaking at the Bo’ao business forum in southern China yesterday.
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