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 do whatever they can based on the realities they face," Lipton told Reuters on Saturday.... read more
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