BoJ’s Nakamura: Key to future policy will depend on whether inflation will rise sustainably
|Further comments crossing the wires from Bank of Japan (BoJ) Board Member Toyoaki Nakamura, as he continues to speak about the inflation and monetary policy outlook.
Key to future policy will depend on whether inflation will rise sustainably.
Not convinced yet whether consumer inflation will exceed 2% in fiscal 2023 onward.
Rate of wage increase in next year's spring wage negotiations alone won't lead to policy tweak debate.
Don't see need to change current monetary policy framework now.
Market reaction
USD/JPY was last seen trading at 137.52, accelerating its advance on the dovish BoJ comments. The spot is up 0.35% on the day.
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