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Bank of Japan board member says the central bank should conduct policy assessment

02.12.2022

The Bank of Japan should conduct a policy assessment, and the right moment could come soon or a little later, according to board member Naoki Tamura.

The monetary policy framework and inflation target would be reviewed at the right time, according to Tamura, who spoke to Bloomberg on Wednesday in his first exclusive media interview since joining the board in July. That moment could come soon, or be a little later. He said it is hard to define the right time mechanically or decide what would make it necessary because it depends on inflation, wages and the economy. He said that any review should come without any expectations for its result and what may follow after.

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