The Zhitong Finance App learned that Dan Katz, the first vice president of the International Monetary Fund (IMF), said that the Japanese economy is undergoing a “profound long-term transformation,” and that economic recovery has provided room for the Bank of Japan to continue to normalize monetary policy. With inflation still slightly above the 2% target, he expects the Bank of Japan to gradually withdraw from the ultra-loose monetary policy that has continued for nearly 30 years.

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