The International Monetary Fund issues a triple warning to Japan Odaily Planet Daily News: The International Monetary Fund (IMF) released a report on February 17, warning the Japanese government to maintain the independence of the Bank of Japan, control fiscal expansion, and avoid addressing livelihood issues by reducing consumption tax. The release of this report coincides with the election of the Japanese Prime Minister. It is reported that the market is closely monitoring whether Gaoshi Zaomiao will oppose further interest rate hikes by the central bank, as well as Gaoshi's previous two-year commitment to "zero food consumption tax". In terms of monetary policy, the IMF pointed out that the Bank of Japan's independence and credibility can help stabilize inflation expectations, and stated that the Bank of Japan "should continue to withdraw from monetary easing, so that policy rates can reach neutral levels by 2027". In terms of fiscal policy, the IMF believes that it is not advisable to further loosen fiscal policy in the short term. This contradicts Gao Shi's proposal of "responsible and proactive finance". The IMF believes that although Japan currently has some fiscal space, it still needs to maintain fiscal restraint to stabilize its fiscal buffer and maintain its ability to cope with shocks. The IMF predicts that in the long run, the Japanese government's fiscal deficit will widen, spending pressure will increase, and the total public debt will further grow. (Golden Ten)