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BOJ must maintain ultra-easy policy, says board member Nakamura

December 06, 2022 at 08:53 pm EST

TOKYO (Reuters) - Bank of Japan (BOJ) board member Toyoaki Nakamura said on Wednesday the central bank must "patiently" maintain ultra-loose monetary policy to support an economy still in the midst of recovering from a coronavirus pandemic-induced slump.

"Recent price rises aren't accompanied by wage increases yet", which means the central bank ought to keep monetary policy ultra-easy for the time being, Nakamura said in a speech.

(Reporting by Leika Kihara; Editing by Himani Sarkar)

Stocks mentioned in the article

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NEW ZEALAND DOLLAR / JAPANESE YEN	93.84 JPY	+1.23%	+2.86%	-
AUSTRALIAN DOLLAR / JAPANESE YEN	103.2 JPY	+1.70%	+3.95%	-
CANADIAN DOLLAR / JAPANESE YEN	115.6 JPY	+1.46%	+2.96%	-
INDIAN RUPEE / JAPANESE YEN	1.892 JPY	+1.20%	+2.15%	-
EURO / JAPANESE YEN	168.9 JPY	+1.21%	+2.67%	-
US DOLLAR / JAPANESE YEN	158 JPY	+1.52%	+2.18%	-
BRITISH POUND / JAPANESE YEN	197.4 JPY	+1.42%	+2.67%	-

Toyoaki Nakamura

Toyoaki Nakamura served as the Chief Financial Officer and Executive Vice President of Hitachi Ltd.
from 2014 to 2016.
He also held various director positions at Hitachi Consumer Marketing, Inc. and Hitachi Appliances, Inc. Additionally, he served as an Outside Director at Hitachi High-Tech Corp.
from 2011 to 2017.
Prior to this, he was an Outside Director at Proterial Ltd.
from 2010 to 2012.
He also served as a Director at Logisteed LTD and Hitachi Ltd.
Furthermore, he was the Chairman of Proterial Ltd.
from 2015 to 2016.
He received his undergraduate degree from Keio University in 1975.

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