BOJ's Nakagawa says easy monetary policy is important for the time being, supports economy

Junko Nakagawa, policy board member at the Bank of Japan.

• the Bank's decision to widen the band around its yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term target has led to a rise in yields, but its merits of improving biond markets outweighs
• the recent rise in inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is driven by a spike in prices for a handful of goods, will clearly likely slow in pace of increase
• Japan's economy is likely to continue to expand above potenail growth

• Japan's economy likely to continue expanding above potential growth
• If corporate inflation expectations overshoot, that could prod more firms to pass on higher costs to customers
• There is strong uncertainty on how much wages will rise
• There is risk prices may come under downward pressure if wage hikes do not proceed as much as expected
• Focusing on how much wage hikes will spread among smaller firms

Nakagawa doesn't sound super-keen in doing much to lessen policy accommodation.