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

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.