The head of Japan affairs at the International Monetary Fund said that the IMF expects the Bank of Japan to raise interest rates one more time to bring the policy interest rate closer to the neutral interest rate. Head of affairs Rahul Anand stressed that in the context of increasing global uncertainty, monetary policy needs to be adjusted and flexible based on data. Anand said that Japan's fiscal management “has performed quite well,” but at the same time warned that the country's debt burden is still at a very high level and that prudent fiscal policies must be maintained.

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