IMF's Katz Says Japan Has Scope to Normalize Policy

IMF's Dan Katz discusses Japan's economic transformation, highlighting structural reforms, equity market doubling, and the Bank of Japan's ongoing policy normalization. He expresses confidence in the BOJ's ability to manage the economy and sees Japan becoming a global growth engine. - Japan undergoing significant long-term transformation after decades of low inflation or deflation. - Structural reforms and corporate governance overhauls are now bearing fruit. - Japanese equity markets doubled over the last two years. - Inflation remains modestly above target. - Bank of Japan has started normalizing from very low rates, and the process has been smooth so far. - IMF expects continued normalization and Japan emerging as a growth engine. - Dan Katz confident in BOJ's ability to steer the economy responsibly.