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Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF), was out on the wires in the last hour and said:

   “¢   Japanese economy not in a stage where the BoJ should raise rates or diminish the degree of monetary stimulus.
   “¢   China has various means to deal with capital outflows, the issue is manageable.  
   “¢   Recent market volatility partly due to the huge amount of money in the global economy.