IMF says no need for further BOJ easing now

TOKYO Tue Feb 11, 2014 11:05pm EST

A man walks past the Bank of Japan building in Tokyo January 22, 2014. REUTERS/Yuya Shino

A man walks past the Bank of Japan building in Tokyo January 22, 2014.

Credit: Reuters/Yuya Shino

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TOKYO (Reuters) - The Bank of Japan does not need to ease monetary policy further now with inflation heading toward the bank's 2 percent price target, a senior International Monetary Fund official said.

But in light of recent global market turbulence, the central bank needs to monitor developments carefully and "take necessary action" if inflation shows signs of stalling, Jerry Schiff, deputy director of the IMF's Asia and Pacific Department, told reporters in Tokyo.

(Reporting by Leika Kihara; Editing by Kim Coghill)

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