BoJ board member Nakamura: BoJ must patiently maintain monetary easing

Bank of Japan's board member NakamuraToyoaki said that Japan's economy is still in the midst of recovering from a pandemic-induced slump and that the central bank must patiently maintain monetary easing.

Key comments

Current price rises not accompanied by wage hikes.
    
Japan is far from situation where wage-inflation spiral becomes a concern.
    
Japan's economy picking up, likely to recover.

Japan's consumer inflation accelerating but likely to slow pace of rise next year as boost from energy, food price hikes dissipate.
    
Global financial, capital conditions could tighten more than expected depending on fallout from overseas central banks' rate hikes.
    
Domestic, overseas economies may weaken further if rises in raw material, grain costs are prolonged.

More to come...