BOJ’s Tamura says likely to maintain accomodative monetary policy for time being

Policy board member Tamura:

• Based on current economic, price outlook, BOJ likely to maintain
  accomodative monetary conditions for time being
• Will guide monetary policy appropriately in accordance with economic,
  price, financial developments
• Not there yet to allow market forces to fully drive long-term
  interest rate moves
• Despite our tweak to monetary policy framework, there are
  side-effects remaining
• Our monetary easing had some effect in underpinning economic growth
• Japan’s economy is showing some signs of weakness but is recovering moderately
• Rises in services prices pushing up overall inflation
• Positive wage-inflation cycle is likely to continue

This article was written by Eamonn Sheridan at www.forexlive.com.