MNI BRIEF: BOJ To Face Further Policy Challenges - Ueda
Bank of Japan Governor Kazuo Ueda said on Thursday the BOJ's monetary policy will face further challenges from year-end to the beginning of next year when the wage outlook becomes clearer.
He told lawmakers the BOJ will continue to explain and manage monetary policy appropriately without elaborating further.
“Sustainable and stable achievement of the 2% price target is not yet envisaged with sufficient certainty and it is important that a virtuous cycle between wages and prices to strengthen.”
He added the BOJ will continue with easy policy "to support economic activity and to reinforce an environment for wage hikes.”
If the BOJ can foresee the achievement of the 2% price target, removal of the negative interest rate and review of yield curve control framework will come in sight, Ueda added.