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.

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.