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 www.forexlive.com. Source