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<p>BOJ monetary policy board member speech:</p><ul><li> BOJ must maintain monetary easing, keep interest rates at low levels now as achievement of 2% inflation target remains uncertain</li><li>Desirable for fx rates to move stably reflecting fundamentals</li><li>Excessively sharp fx fluctuations cause demerits, so must be vigilant to impact of fx moves and impact on japan's economy and prices</li><li>There is risk monetary tightening undertaken by central banks could hurt global growth</li><li>Recent rise in japan's consumer inflation due mostly to rising imported goods prices</li><li>Japan's trend inflation, which is more important in guiding monetary policy, remains low</li><li>More companies are passing on rising costs to consumers, this could affect trend inflation</li><li>Cannot say Japan has stably, sustainably achieved BOJ's 2% inflation target yet</li><li>Japan's consumer inflation is likely to fall back below 2% once cost-push factors dissipate</li><li>Japan must see domestic macro-economic factors, such as a steady rise in nominal wages, to push prices to stably achieve BOJ 2% inflation target</li><li>We must see wages rise at a faster pace than the rate of inflation achieve an appropriate level of inflation in a stable manner</li></ul><p>Headlines via Reuters </p>

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