BoJ’s Nakamara: Will need some more time before we can modify easy monetary policy

Bank of Japan (BoJ) Board member Toyoaki Nakamura said on Thursday, "we will need some more time before we can modify easy monetary policy.”

Additional comments

Now is a time to be cautious in our policy response.

Current inflation is mostly driven by cost-push factors.

We haven't reached a stage where we can say with conviction that sustained, stable achievement of 2% inflation accompanied by wage growth is in sight.

We are seeing signs Japan will see wage growth exceeding the rate of inflation.

Must patiently maintain current monetary easing for the time being.

Japan's economy recovering moderately.