Senior BOJ official: Japan’s economy still half way in recovering form pandemic's impact

“Japan’s economy is still halfway in recovering from pandemic's impact,” a senior Bank of Japan (BOJ) official said in his speech on Tuesday.

Additional quotes

The expected rise in Japan’s inflation driven largely by energy costs, won't lead to a sustainable, steady rise toward BOJ’s 2% target.

BOJ will maintain powerful monetary easing as Japan’s wage, prices likely to remain subdued.

BOJ will scrutinize market impact of its policy.