By Megumi FujikawaBank of Japan policy board member Toyoaki Nakamura said Thursday that he is still not fully confident that wages and inflation will keep growing, adding that it is appropriate for the bank to maintain its current monetary policy for the time being. "I am not confident about the sustainability of wage increases," Nakamura said in a speech to business leaders in the northern prefecture of Hokkaido. Nakamura, a former executive at electronics maker Hitachi, dissented from the BOJ's decision in March to end negative interest rates. Amid growing market expectations for further policy changes, the BOJ's board is scheduled to hold a policy-setting meeting on June 13-14. Write to Megumi Fujikawa at megumi.fujikawa@wsj.com(END) Dow Jones NewswiresJune 05, 2024 22:38 ET (02:38 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal June 06, 2024 03:03 UTC