Japan not fully out of inflation yet - Bank of Japan deputy governor nominee

Bank of Japan (BOJ) deputy governor nominee Masazumi Wakatabe is speaking in the Japanese parliament today, addressing Japan's economic outlook.

Key highlights:

• BOJ's 2% inflation target is meaningful, effective.
• Inflation still remains a long distance from the target.
• Expecting ongoing easy monetary policy to drive wage growth.
• A premature exit from easy policy could force Japan back into deflation.
• The Japanese economy is at a critical balancing point.