BOJ's Nakagawa: Further YCC tweak cannot be ruled out but is not an imminent issue now

<ul><li>Strong outcome in next year's wage talks would be a necessary condition, though not a sufficient one to contemplate pursuing end of negative rates</li><li>Want to look at various factors beyond wages in deciding future policy changes</li></ul><p>Essentially, the message that they are trying to send is that they are flexible but only with the right conditions at play. However, given how tough it was to already convince a policy tweak after the extremely positive wage developments in March, we really might have to wait until next spring again for any chance of further change by the BOJ.</p>

This article was written by Justin Low at www.forexlive.com.