KOBE, Japan (Reuters) - Bank of Japan board member Toyoaki Nakamura said on Thursday the central bank will likely need some more time before modifying its ultra-loose monetary policy.
"We haven't reached a stage where we can say with conviction that sustained, stable achievement of our 2% inflation target, accompanied by wage growth, is in sight," Nakamura said in a speech to business leaders in the western Japan city of Kobe.
(Reporting by Leika Kihara; Editing by Kim Coghill)
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Toyoaki Nakamura served as the Chief Financial Officer and Executive Vice President of Hitachi Ltd.
from 2014 to 2016.
He also held various director positions at Hitachi Consumer Marketing, Inc. and Hitachi Appliances, Inc. Additionally, he served as an Outside Director at Hitachi High-Tech Corp.
from 2011 to 2017.
Prior to this, he was an Outside Director at Proterial Ltd.
from 2010 to 2012.
He also served as a Director at Logisteed LTD and Hitachi Ltd.
Furthermore, he was the Chairman of Proterial Ltd.
from 2015 to 2016.
He received his undergraduate degree from Keio University in 1975.
