BOJ's Takata says must maintain current massive monetary policy easing

Bank of Japan monetary policy board member Takata comments crossing news wires.

USD/JPY a litte higher on the loose policy comments.

• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is higher due to rising raw material costs, but Japan has yet not yet experienced sustained price increases accompanied by wage increases
• CPI is thus likely to have a lower pace of increase in the second half of fiscal 2023
• if the economic slow down overseas intensifies that could be a weight on the economy of Japan and prices
• the outlook for Japanese wage negotiations is difficult to forsee due to economic uncertainty overseas
• if firms remain cautious about hiking pay that could prevent Japan from having a sustained rise in inflation

---

Japan's fiscal year 2023 begins on April 1.