Japan's Aso: Monetary policies are normalizing in developed nations

Japanese Finance Minister Aso is out on the wires stating that the monetary policies are normalizing in developed nations. 

The Bank of Japan (BOJ) decided on July 31 to allow the 10-year yield to deviate by as much as 0.2 percentage points around zero percent in order to make its ultra-easy monetary policy more sustainable. 

Further, the Japanese inflation is still well short of the 2 percent inflation target, as a result, the BOJ is unlikely to wind down its stimulus program anytime soon.