BOJ must patiently maintain loose policy, says board member Noguchi
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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. With inflation exceeding the BOJ's 2 per cent target for more than two years and nominal wages rising, Japanese firms are becoming more keen to pass on higher costs through price hikes, he said. But sluggish real consumption suggests households still
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