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BOJ on right path with easy monetary stance: IMF official

Sanjaya Panth, however, skeptical yen-buying intervention will have lasting impact

The IMF official says that Japan's inflation is due to higher energy prices and is transitory.    © Reuters

WASHINGTON -- The BOJ should continue its easy monetary policy stance to ensure the 2% inflation target can be achieved durably, but the Japanese government's intervention in the foreign exchange market is not likely to have a lasting effect in supporting the yen's level on currency markets, Sanjaya Panth, deputy director of the International Monetary Fund's Asia-Pacific Department, told Nikkei in an interview.

Excerpts of the interview follow.

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