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12/6/2023, 5:52 AM (Source: TeleTrader)
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Japan's central bank says patience needed in easy policy exit

Bank of Japan (BoJ) Deputy Governor Ryozo Himino on Wednesday emphasized the central bank's commitment to maintaining an accommodative policy until a sustained and stable achievement of the price target is within reach.

Himino highlighted the importance of carefully determining the exit timing and procedures by closely monitoring wage and inflation developments. He stressed the necessity of achieving a situation where inflation slows but not excessively, pointing out Japan's ongoing changes in price and wage behavior. The official did, however, note the potential benefits of the bank eventually ending the bank's ultra-loose policy, asserting that a positive interest rate environment could improve the overall balance of households.

Baha Breaking News (BBN) / NL