NUSA DUA, Indonesia, Oct 12 (Reuters) - A seniorInternational Monetary Fund official said on Friday it was "tooearly" to talk about normalising monetary policy in Japan, as itwill take a long time to achieve the Bank of Japan's 2 percentinflation target
"Do you think it's time for the Bank of Japan to exit easypolicy? The short answer is no," Odd Per Brekk, deputy directorof the IMF's Asia and Pacific department, told a news conferenceduring the Fund's and World Bank's annual meeting in theIndonesian resort island of Bali.He added that ultra-loose monetary policy must beaccompanied by other efforts, such as structural reforms, forJapan to see inflation hit the BOJ's target.Changyong Rhee, director of the IMF's Asia and Pacificdepartment, told the same news conference that there will be nowinners in Asia from escalating Sino-U.S. trade tensions. (Reporting by Leika KiharaEditing by Shri Navaratnam)
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