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IMF’s Lipton likes Bank of Japan policy revamp, calls for more ‘arrows’

International Monetary Fund First Deputy Managing Director David Lipton welcomed the Bank of Japan's new policy framework as a boost to its credibility, but called for more vigorous fiscal and structural policies to reflate a fragile economic recovery. Lipton also shrugged off the view that monetary policy was nearing its limit as a means to revive economies across the globe, stressing that central banks must be open to new ideas to help spur growth. “Central banks have to always be ready to…

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IMF’s Lipton likes Bank of Japan policy revamp, calls for more ‘arrows’