JACKSON HOLE, Wyoming : The Bank of Japan can raise interest rates gradually as heightening inflation expectations leave further scope to normalise its ultra-loose monetary policy, the International Monetary Fund said on Friday. The speed of further rate increases will be "very data-dependent," as the BOJ will look at the pace at which inflation, wage growth and inflation expectations heighten in normalising policy, said IMF chief economist Pierre-Olivier Gourinchas. Gourinchas said Japan's

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