IMF Deputy Managing Director Furusawa: Recent market volatility due to huge amount of money in global economy

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Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF), was out on the wires in the last hour and said:

   •  Japanese economy not in a stage where the BoJ should raise rates or diminish the degree of monetary stimulus.
   •  China has various means to deal with capital outflows, the issue is manageable. 
   •  Recent market volatility partly due to the huge amount of money in the global economy.

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