BOJ's Nakamura says it'll be some time before easy money policy is changed

<p>Bank of Japan policy board member Nakamura pushing back against speculation of any near-term change in policy from the Bak:</p><ul><li>
Will need some more time before we can modify easy monetary policy</li><li>Now is a time to be
cautious in our policy response</li><li>Current inflation is
mostly driven by cost-push factors</li><li>We haven't reached a
stage where we can say with conviction that sustained, stable
achievement of 2% inflation accompanied by wage growth is in sight</li><li>We are seeing signs Japan will see wage growth exceeding rate of inflation</li><li><p>
Must patiently maintain current monetary easing for time being</p></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.