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BOJ Noguchi-Must patiently maintain loose money conditions



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  • BOJ Policy Board's Noguchi seems for BOJ holding policy as is for now

  • This seems to be the theme with Gov Ueda also suggesting the same recently

  • Follows Ueda-PM Ishiba meeting, PM said Japan not ready for higher rates

  • Noguchi says will take time for inflation to sustainably hit 2%

  • Does note that service prices up on cost pressures, from wage hikes

  • Emphasizes BOJ can take its sweet time on rates, balance sheet reduction

  • See nP8N3KT00L, for more click on FXBUZ


The BoJ continues to hold: https://reut.rs/4e8zxKl

(Haruya Ida is a Reuters market analyst. The views expressed are his own)

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