IMF warns Bank of Japan may need to raise rates faster

The International Monetary Fund has assessed that the Bank of Japan may be forced to raise interest rates more quickly if inflation exceeds expectations. Krishna Srinivasan, director of the IMF's Asia and Pacific Department, called Japan's monetary policy normalization the right move. He also urged Tokyo to clearly explain how it will finance its ambitious spending plans. The statement came just before the Bank of Japan's October policy meeting.

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