IMF chief economist Pierre-Olivier Gourinchas spoke in an interview with Reuters at the Jackson Hole annual economic symposium on Friday. Saud the BoJ can continue to raise rates gradually, a 'data dependent' pace: inflation is higher than the Bank's 2% targetinflation expectations have started to move "maybe even a little bit above" that targetBOJ's beginning to normalise monetary policy is "certainly something that we think is a good development for Japan" Gourinchas also weighed in with his two cents on the market volatility:"I think the market overreacted," "... we could see other episodes of market volatility" due to rate cuts from many central banks while the BOJ begins to raise rates
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