Bank of Japan (BOJ) board member Junko Nakagawa said on Wednesday the central bank must maintain ultra-loose monetary policy for the time being, as the economy has yet to sustainably achieve its 2 per cent inflation target. Nakagawa said the world's third-largest economy is expected to continue recovering as the impact of the COVID-19 pandemic fades, allowing more companies to pass on rising raw material costs to households. She also said price hikes could intensify if corporate inflation expectations overshoot, which was among "major risks" for Japan's price outlook. But Nakagawa also pointed to "high uncertainty" on ... (full story)