NAGASAKI, Japan — Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday the central bank must patiently maintain loose monetary policy as it will take time to eradicate the public's view that prices are not set to rise much in the future.

The comments from Noguchi, a known BoJ policy dove, come a day after Japan's new prime minister said the economy was not ready for further interest rate hikes, in surprisingly blunt remarks that pushed the yen lower.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details