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<p>国际货币基金组织的一位高级官员周四表示，日本应逐步提高利率，同时保持财政支持的针对性，强调该国国内经济的韧性。</p>
<p>这些言论是在日本银行本月晚些时候即将召开的政策会议之前发表的，政策制定者预计将评估经济逆风以及与持续的中东冲突相关的通胀压力。</p>
<h2>国际货币基金组织强调国内经济的韧性</h2>
<p>“日本的增长表现相当不错，” 国际货币基金组织亚太部主任克里希纳·斯里尼瓦桑在路透社的报道中表示。</p>
<p>他指出，强劲的国内需求、改善的工资增长以及年度工资谈判的良好结果是支持经济的关键驱动因素。</p>
<p>斯里尼瓦桑补充说，工资增长已经转为正值，反映出家庭收入状况的改善。</p>
<p>他说，这些发展有助于维持消费和更广泛的经济动能，尽管全球存在不确定性。</p>
<p>斯里尼瓦桑强调，货币政策的调整应逐步进行，并应根据即将到来的经济数据进行指导。</p>
<h2>建议逐步加息</h2>
<p>斯里尼瓦桑在路透社的报道中表示：“我们对日本银行的建议是……要依赖数据，逐步开始提高利率。”</p>
<p>他的评论表明，日本将谨慎但稳步地摆脱长期以来的超宽松货币政策立场。</p>
<p>国际货币基金组织预计，通胀将在中期内向日本银行的 2% 目标靠拢，斯里尼瓦桑指出，价格增长可能在 2027 年前趋于这一水平。</p>
<p>这些言论的时机意义重大，因为日本银行正在为本月晚些时候的政策审查做准备。</p>
<p>官员们预计将权衡国内经济实力与外部风险，包括来自中东地缘政治紧张局势的通胀压力。</p>
<h2>财政政策应保持针对性</h2>
<p>在财政政策方面，斯里尼瓦桑敦促日本政府采取谨慎行动。</p>
<p>他建议任何财政措施都应谨慎针对，并 “明智地” 使用现有的财政缓冲。</p>
<p>日本已经推出了旨在降低汽油和公用事业成本的补贴，以保护家庭免受生活费用上升的影响。</p>
<p>然而，这些措施增加了该国已经高企的债务水平，引发了对长期财政可持续性的担忧。</p>
<p>国际货币基金组织的立场表明，倾向于有限且有针对性的财政干预，而不是广泛的刺激措施，特别是在国内需求相对强劲的情况下。</p>
<h2>日本银行会议前政策辩论加剧</h2>
<p>政策前景因内阁总理高市早苗的立场而进一步复杂化，她传统上支持扩张性的财政和货币政策。</p>
<p>高市早苗提议增加政府支出以促进经济增长，并曾对日本银行提高利率的计划表示保留。</p>
<p>她的立场突显了日本内部关于支持增长与管理通胀之间适当平衡的持续辩论。</p>
<p>随着日本银行的政策会议临近，市场和政策制定者将密切关注这些相互竞争的优先事项如何得到解决。</p>
<p>中央银行的决定可能取决于国内实力是否能够抵消外部风险，同时保持通胀朝着目标前进。</p>
<p>国际货币基金组织建议日本收紧政策，限制广泛的财政支出，首次出现在 Invezz 上。</p>

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<p>国际货币基金组织建议日本逐步提高利率，同时保持有针对性的财政支持，理由是国内经济表现出韧性。在日本银行的政策会议之前，国际货币基金组织官员 Krishna Srinivasan 强调了强劲的国内需求和改善的工资增长作为主要经济驱动因素。他强调了对货币政策调整采取谨慎态度，建议根据数据进行加息。财政措施应谨慎针对，以避免加剧日本的高债务水平。即将召开的日本银行会议将讨论在外部风险下支持增长与管理通胀之间的平衡</p>

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<p>Japan should gradually raise interest rates while keeping fiscal support targeted, a senior official from the International Monetary Fund said on Thursday, highlighting resilience in the country’s domestic economy.</p>
<div class="lb-trans"><p>国际货币基金组织的一位高级官员周四表示，日本应逐步提高利率，同时保持财政支持的针对性，强调该国国内经济的韧性。</p>
</div><p>The remarks come ahead of the Bank of Japan’s upcoming policy meeting later this month, where policymakers are expected to assess economic headwinds alongside inflationary pressures linked to the ongoing Middle East conflict.</p>
<div class="lb-trans"><p>这些言论是在日本银行本月晚些时候即将召开的政策会议之前发表的，政策制定者预计将评估经济逆风以及与持续的中东冲突相关的通胀压力。</p>
</div><h2>IMF flags resilience in the domestic economy</h2>
<div class="lb-trans"><h2>国际货币基金组织强调国内经济的韧性</h2>
</div><p>“Growth has held up quite well in Japan,” Krishna Srinivasan, director for the IMF’s Asia Pacific Department, said, as cited in a Reuters report.</p>
<div class="lb-trans"><p>“日本的增长表现相当不错，” 国际货币基金组织亚太部主任克里希纳·斯里尼瓦桑在路透社的报道中表示。</p>
</div><p>He pointed to strong domestic demand, improving wage growth, and robust outcomes from annual wage negotiations as key drivers supporting the economy.</p>
<div class="lb-trans"><p>他指出，强劲的国内需求、改善的工资增长以及年度工资谈判的良好结果是支持经济的关键驱动因素。</p>
</div><p>Srinivasan added that wage growth has turned positive, reflecting stronger income conditions for households.</p>
<div class="lb-trans"><p>斯里尼瓦桑补充说，工资增长已经转为正值，反映出家庭收入状况的改善。</p>
</div><p>These developments, he said, are helping sustain consumption and broader economic momentum despite global uncertainties.</p>
<div class="lb-trans"><p>他说，这些发展有助于维持消费和更广泛的经济动能，尽管全球存在不确定性。</p>
</div><p>Srinivasan emphasised that monetary policy adjustments should be gradual and guided by incoming economic data.</p>
<div class="lb-trans"><p>斯里尼瓦桑强调，货币政策的调整应逐步进行，并应根据即将到来的经济数据进行指导。</p>
</div><h2>Gradual rate hikes recommended</h2>
<div class="lb-trans"><h2>建议逐步加息</h2>
</div><p>As quoted in a Reuters report, Srinivasan said, “Our advice to the BOJ is ... to be data dependent and gradually start increasing rates going forward”.</p>
<div class="lb-trans"><p>斯里尼瓦桑在路透社的报道中表示：“我们对日本银行的建议是……要依赖数据，逐步开始提高利率。”</p>
</div><p>His comments suggest a cautious but steady shift away from Japan’s long-standing ultra-loose monetary policy stance.</p>
<div class="lb-trans"><p>他的评论表明，日本将谨慎但稳步地摆脱长期以来的超宽松货币政策立场。</p>
</div><p>The IMF expects inflation to move towards the BOJ’s 2% target over the medium term, with Srinivasan noting that price growth is likely to converge to this level by 2027.</p>
<div class="lb-trans"><p>国际货币基金组织预计，通胀将在中期内向日本银行的 2% 目标靠拢，斯里尼瓦桑指出，价格增长可能在 2027 年前趋于这一水平。</p>
</div><p>The timing of the remarks is significant, as the BOJ prepares for its policy review later this month.</p>
<div class="lb-trans"><p>这些言论的时机意义重大，因为日本银行正在为本月晚些时候的政策审查做准备。</p>
</div><p>Officials are expected to weigh domestic economic strength against external risks, including inflationary pressures stemming from geopolitical tensions in the Middle East.</p>
<div class="lb-trans"><p>官员们预计将权衡国内经济实力与外部风险，包括来自中东地缘政治紧张局势的通胀压力。</p>
</div><h2>Fiscal policy should remain targeted</h2>
<div class="lb-trans"><h2>财政政策应保持针对性</h2>
</div><p>On fiscal policy, Srinivasan urged the Japanese government to act prudently.</p>
<div class="lb-trans"><p>在财政政策方面，斯里尼瓦桑敦促日本政府采取谨慎行动。</p>
</div><p>He recommended that any fiscal measures be carefully targeted and that existing fiscal buffers be used “wisely,” .</p>
<div class="lb-trans"><p>他建议任何财政措施都应谨慎针对，并 “明智地” 使用现有的财政缓冲。</p>
</div><p>Japan has already introduced subsidies aimed at reducing gasoline and utility costs to shield households from rising living expenses.</p>
<div class="lb-trans"><p>日本已经推出了旨在降低汽油和公用事业成本的补贴，以保护家庭免受生活费用上升的影响。</p>
</div><p>However, these measures add to the country’s already elevated debt levels, raising concerns about long-term fiscal sustainability.</p>
<div class="lb-trans"><p>然而，这些措施增加了该国已经高企的债务水平，引发了对长期财政可持续性的担忧。</p>
</div><p>The IMF’s stance indicates a preference for limited, well-directed fiscal intervention rather than broad-based stimulus, particularly at a time when domestic demand remains relatively strong.</p>
<div class="lb-trans"><p>国际货币基金组织的立场表明，倾向于有限且有针对性的财政干预，而不是广泛的刺激措施，特别是在国内需求相对强劲的情况下。</p>
</div><h2>Policy debate intensifies ahead of BOJ meeting</h2>
<div class="lb-trans"><h2>日本银行会议前政策辩论加剧</h2>
</div><p>The policy outlook is further complicated by the stance of Prime Minister Sanae Takaichi, who has traditionally supported expansionary fiscal and monetary policies.</p>
<div class="lb-trans"><p>政策前景因内阁总理高市早苗的立场而进一步复杂化，她传统上支持扩张性的财政和货币政策。</p>
</div><p>Takaichi has proposed increasing government spending to boost economic growth and has previously expressed reservations about the BOJ’s plans to raise interest rates.</p>
<div class="lb-trans"><p>高市早苗提议增加政府支出以促进经济增长，并曾对日本银行提高利率的计划表示保留。</p>
</div><p>Her position underscores the ongoing debate within Japan over the appropriate balance between supporting growth and managing inflation.</p>
<div class="lb-trans"><p>她的立场突显了日本内部关于支持增长与管理通胀之间适当平衡的持续辩论。</p>
</div><p>As the BOJ’s policy meeting approaches, markets and policymakers alike will be closely watching how these competing priorities are addressed.</p>
<div class="lb-trans"><p>随着日本银行的政策会议临近，市场和政策制定者将密切关注这些相互竞争的优先事项如何得到解决。</p>
</div><p>The central bank’s decision will likely hinge on whether domestic strength can offset external risks while keeping inflation on track toward its target.</p>
<div class="lb-trans"><p>中央银行的决定可能取决于国内实力是否能够抵消外部风险，同时保持通胀朝着目标前进。</p>
</div><p>The post IMF advises Japan to tighten policy, limit broad fiscal spending appeared first on Invezz</p>
<div class="lb-trans"><p>国际货币基金组织建议日本收紧政策，限制广泛的财政支出，首次出现在 Invezz 上。</p>
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IMF advises Japan to tighten policy, limit broad fiscal spending

- 国际货币基金组织建议日本逐步提高利率，保持财政支持的针对性。  
- 日本经济增长表现良好，工资增长和消费维持经济动能。  
- 政策辩论加剧，关注平衡增长与管理通胀的挑战。