Japan Interest Rate

It was premature to talk about an exit from ultra-loose monetary policy in Japan, amid uncertainties from global economies such as China's sluggish growth and the potential end of aggressive interest rate hikes in the US, Bank of Japan board member Seiji Adachi said in a speech. He also mentioned that there may be early signs of a positive wage-inflation cycle in the nation but the central bank needs to see clear signs that prices and wages would rise in tandem. "For now, it's appropriate to patiently continue with our monetary easing," Adachi said, adding that moves in July and October from the board to tweak yield curve control were aimed at extending the framework, rather than at preparing for future policy normalization.