TOKYO : The Bank of Japan (BOJ) must maintain its ultra-loose monetary policy to allow time to see whether the recent rise in inflation will be accompanied by higher wages, its board member Naoki Tamura said on Wednesday.A former commercial banker, Tamura repeated his view that the central bank must at so
TOKYO : The Bank of Japan must maintain its ultra-loose monetary policy to allow time to see whether the recent rise in inflation will be accompanied by higher wages, its board member Naoki Tamura said on Wednesday.
He also warned that Japan's inflation could overshoot initial forecasts, with services prices perking up and a growing number of companies passing on rising raw material costs to households.
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