Communication a must if BOJ opts to change course: IMF official

Tobias Adrian expects Ueda to stand pat, but high inflation could prompt a shift

20230414N Stocks

Changing the Bank of Japan's yield curve control policy could cause a chain of spillover effects in markets, the International Monetary Fund warned. © Reuters

YUTA SAITO, Nikkei staff writer

WASHINGTON -- If new Bank of Japan Gov. Kazuo Ueda makes any monetary policy changes, careful communication with markets will be key in order to mitigate ripple effects on markets, Tobias Adrian, director of the International Monetary Fund's monetary and capital markets department, told Nikkei.

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