Tamaki: BOJ Should Avoid Major Changes to Its Policy

Forex - The leader of the opposition Democratic Party for the People (DPP) in Japan, Yuichiro Tamaki, stated that the Bank of Japan should avoid making significant changes to its ultra-loose monetary policy.

Tamaki's remarks came ahead of the BOJ's two-day policy meeting, which concludes on Thursday.

He said, "Real wages turned negative in August and are still at a standstill. Japan's economy is at a critical juncture; therefore, the BOJ should currently avoid major policy changes. The BOJ can reassess its monetary policy when it becomes certain that real wages will exceed 4% in the spring wage negotiations next year."