Japan's central bank says no need to exit loose policy

Bank of Japan's Board members noted that the country is showing signs of wage rises but that the central bank should nonetheless maintain its ultra-loose monetary policy, Qazet.az reports citing Teletrader.

The bank said the country's economy is likely to recover from COVID-19, with supply-side constraints already waning, although it is expected to be under downward pressure by high commodity prices and a slowdown in overseas economies.