BOJ Sees Continued Normalization Amidst Japanese Economic Revival

The Bank of Japan is expected to continue normalizing its monetary policy due to an economic revival in the country, according to Dan Katz, the International Monetary Fund's No. 2 official.

Katz noted that Japan is undergoing a 'very significant long-term transformation', with structural reforms launched under former Prime Minister Shinzo Abe now bearing fruit.

The normalization of policy comes after decades of maintaining an aggressively loose setting, giving the Bank of Japan room to adjust its stance. Katz sees this as a positive development for the country's economic growth.