BOJ policymaker sees shift in Japan's deflationary mindset
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TOKYO :Japan is seeing early signs of change in the public's long-held perception that wages and inflation won't rise much, central banker Hajime Takata said, suggesting conditions for phasing out the bank's massive stimulus are slowly falling into place.
Policymaker Takata stressed the need to maintain ultra-loose monetary policy for the time being, as slowing global growth was heightening uncertainty on whether the Bank of Japan's (BOJ) 2 per cent inflation target was sustainably achievable.
Inflation has exceeded the 2 per cent target for more than year, prompting market speculation that the BOJ will soon dismantle the radical stimulus programme of former Governor Haruhiko Kuroda.
Takata suggested that a slowdown in China, the world's second largest economy, could affect global systems.
