The statements of Bank of Japan Deputy Governor Ryuzu Himeno were as follows: -
- BOJ will patiently maintain an accommodative policy until the inflation target is met at 2% levels
- Japan's financial system is likely to be flexible enough to withstand pressures from shifting to higher interest rates
- Appropriate decisions on the timing of exit and action must be made through wage scrutiny and inflation developments
- The Bank of Japan must achieve a situation where inflation is slowing down in the future, but not much
- Japan is experiencing steady changes in prices and wage behavior
- Price hikes are starting to affect wages
- Without a benign cycle between wages and prices, Japan is likely to revert to a downturn in the past
- We don't have a predetermined timetable to get out of easy politics
- I'm not confident in determining how close we are to achieving the price target sustainably
