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BOJ's Nakagawa: Must maintain ultra-easy policy for time being

March 01, 2023 at 07:28 am IST

FUKUSHIMA, Japan (Reuters) - Bank of Japan board member Junko Nakagawa said on Wednesday the central bank must maintain ultra-loose monetary policy for the time being, as the economy has yet to sustainably achieve its 2% inflation target.

In a speech delivered to business leaders in Fukushima, Nakagawa also said there was "high uncertainty" on how much companies will raise wages.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)

Stocks mentioned in the article

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TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC.	937.2 JPY	-0.48%	-4.65%	9.66B
NEW ZEALAND DOLLAR / JAPANESE YEN	94.24 JPY	+0.16%	+1.70%	-
AUSTRALIAN DOLLAR / JAPANESE YEN	103.3 JPY	+0.04%	+1.14%	-
CANADIAN DOLLAR / JAPANESE YEN	114.4 JPY	+0.07%	+1.38%	-
INDIAN RUPEE / JAPANESE YEN	1.875 JPY	+0.20%	+1.64%	-
EURO / JAPANESE YEN	168.8 JPY	+0.10%	+1.59%	-
US DOLLAR / JAPANESE YEN	156.4 JPY	+0.10%	+1.42%	-
BRITISH POUND / JAPANESE YEN	196 JPY	-0.09%	+1.18%	-

Junko Nakagawa

Ms. Junko Nakagawa is a Chaireman at Nomura Asset Management Co., Ltd. and an Executive Officer & Head-Asset Management at Nomura Holdings, Inc. Ms. Nakagawa was previously employed as a Financial Officer & Executive Managing Director by Nomura Securities Co., Ltd. and an Outside Director by The Nomura Trust & Banking Co., Ltd.

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