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Scaling down the Bank of Japan's easy policy is not possible for the time being, although some central banks are looking to tighten conditions in the face of higher inflation, BOJ board member Asahi Noguchi said on Thursday.
"The premise for the BOJ to scale down easy policy is achievement of the 2% price target in a stable manner," Noguchi said online to business leaders in Tottori City.
"It is true that Japan is taking considerable time to achieve the 2% price target but achieving the target is possible," Noguchi said, adding that the policy mix will become more important to escape from deflation.