TOKYO, Oct. 10 (Xinhua) -- The International Monetary Fund (IMF) released the Global Financial Stability Report Tuesday, warning the confidence of investors is still very fragile and risks have increased, compared to the last report in April.
The IMF report was issued on the annual meetings jointly holding with World Bank in Tokyo. "Our main message is that further policy efforts are needed to gain lasting stability," said Jose Vinals, the Financial Counselor and Director of IMF.
The report agrees the actions taken by European Central Banks have helped remove investors' worst fear, but the policies will need to be built upon the national and euro area level.
IMF suggested, a key lesson for the advanced markets, such as the U.S. and Japan, to lean form the euro crises is that the delaying policy adjustment until market strains become evident leads to financial turmoil and harsher economic outcomes.
About the safety of the emerging market, the report said Asian and Latin American countries are less impacted by the global crises, but their guard must be kept up.
IMF called the governments and central banks to make necessary, but maybe tough policies before the crises and to gain the confidence back.