BoJ’s Nakamura: Need more time to shift to monetary tightening
|Bank of Japan (BoJ) Board member Toyoaki Nakamura said on Thursday, the central bank “needs more time to shift to monetary tightening.”
Additional comments
Must scrutinize whether small, midsize firms are making progress in earning enough profits to sustain wage rises.
Tightening monetary policy before rise in sales prices lead to wage gains would curb demand, weigh on companies' ability to earn profits.
Tweak to monetary policy needs scrutinty of economic conditions, cautious approach.
Sustainable, stable achievement of price target yet to be foreseen.
Japan's economy recovering moderately.
Japan's economy likely to recover moderately.
Sustainability of wage rises, overseas economic developments among uncertainties surrounding Japan's economic outlook.
Market reaction
Cautious comments from the BoJ policymakers fail to have any negative impact on the Yen. At the press time, USD/JPY is losing 0.27% on the day to trade at 145.78.
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