Japan’s programme of monetary easing has not resulted in capital flows or excessive liquidity in other economies despite fears expressed by countries in Asia and Europe, the International Monetary Fund said yesterday.
“We don’t see evidence yet that Japanese policy has led to significant spillovers or capital outflows from Japan,” said David Lipton, first managing director of the IMF, in Beijing.
During a week of meetings between the IMF and Chinese officials, including central bank governor Zhou Xiaochuan and state councillor Ma Kai, Mr Lipton said the Chinese government expressed concern about the Japanese economic programme known as “Abenomics”, after Shinzo Abe, prime minister.