Tamaki: BOJ Should Avoid Major Changes to Its Policy

Foreks - The president of the Democratic Party for the People (DPP) in Japan, Yuichiro Tamaki, stated that the Bank of Japan should avoid making major changes to its ultra-easy monetary policy. Tamaki's remarks came ahead of the BOJ's two-day policy meeting that concludes on Thursday. He said, "Real wages turned negative in August and remain at a standstill. Japan's economy is at a critical juncture, so the BOJ should avoid making significant policy changes at this time. The BOJ can reconsider monetary policy when it is confirmed that real wages will exceed 4% in next spring's wage negotiations."