IMF Vice President: Japans economy is experiencing a long-term structural recovery, supporting the Bank of Japan's continued advancement of monetary policy normalization.

According to Zhitong Finance APP, Dan Katz, the First Deputy Managing Director of the International Monetary Fund (IMF), stated that the Japanese economy is undergoing a profound long-term transformation, and the economic recovery provides room for the Bank of Japan to continue advancing monetary policy normalization. Against the backdrop of inflation remaining slightly above the 2% target, he expects the Bank of Japan to gradually exit its ultra-loose monetary policy that has lasted for nearly 30 years.