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MNI BRIEF: Easy Policy Still Needed - BOJ's Nakagawa

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan board member Junko Nakagawa said on Thursday the Bank's must continue with easy policy as the Japanese economy has not reached the 2% inflation target, although a shift in wage- and price-setting behavior is observed.

‘’If the synergies between actual price rises and the expected inflation rate rise strengthened, Japan’s inflation rate could rise upwardly,” Nakagawa told business leaders in Kochi City.

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Bank of Japan board member Junko Nakagawa said on Thursday the Bank's must continue with easy policy as the Japanese economy has not reached the 2% inflation target, although a shift in wage- and price-setting behavior is observed.

‘’If the synergies between actual price rises and the expected inflation rate rise strengthened, Japan’s inflation rate could rise upwardly,” Nakagawa told business leaders in Kochi City.

Keep reading...Show less