BOJ's Takata says Japan is seeing early signs of hitting 2% inflation

<p>Bank of Japan's Takata:</p><ul><li>says Japan is seeing early signs of hitting 2% inflation</li><li>says Japan's economy is recovering moderately</li><li>says he believes that the Bank of Japan must patiently maintain easy monetary policy given the very high uncertainty on the outlook</li><li>At the same time, BOJ must respond nimbly to uncertainty with eye on economic, price outlook</li></ul><ul><li>
There's a chance Japan will see shift in public perception prices and
wages won't rise much</li><li>Japan seeing signs
of change in corporate wage, price-setting behaviour</li><li>There is sign of
change in Japan's trend inflation as rising wages push up inflation
expectations</li><li>Inflation is already
exceeding BOJ's 2% target but there is some distance to achieving it
stably and in sustainable fashion</li><li>If overseas
economies slow sharply, that could weigh on Japan's economy</li></ul><p>Takata will hold a news conference later but I don't have a start time for that. </p>

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