BOJ’s Nakamura says it’ll be some time before easy money policy is changed

Bank of Japan policy board member Nakamura pushing back against speculation of any near-term change in policy from the Bak:

  • Will need some more time before we can modify easy monetary policy
  • Now is a time to be
    cautious in our policy response
  • Current inflation is
    mostly driven by cost-push factors
  • We haven’t reached a
    stage where we can say with conviction that sustained, stable
    achievement of 2% inflation accompanied by wage growth is in sight
  • We are seeing signs Japan will see wage growth exceeding rate of inflation
  • Must patiently maintain current monetary easing for time being

This article was written by Eamonn Sheridan at Source