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Bank of Japan policy-board member Naoki Tamura said Wednesday that the central bank needs to conduct a policy review in the future, although maintaining monetary easing is appropriate for now.
“I believe it is necessary at some point in the future to examine and review the bank’s policy framework and what the inflation target should be, while making a judgment on the balance between effects and side effects of its policies,” Tamura said in a speech.
Still, the BOJ should continue its current easy policy for the time being because it needs to make sure there will be a virtuous cycle of higher wages and inflation, Tamura said.
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