Economic normalization is underway, marked by changes in policy rates and bond purchases. The central bank, known as the BOJ, has raised policy rates and reduced its purchases of sovereign bonds. This shift indicates a move away from unconventional economic measures and towards a more standard approach.

Further details about this development are available from the source. The normalization of the economy follows a period of deviation from the status quo.

The BOJ's actions suggest a significant change in economic policy, with implications for the bond market and beyond.