BOJ deputy chief sees rate hikes nowhere near, 2% inflation still off

The Bank of Japan is far from raising interest rates as tightening monetary policy prematurely will put its goal of attaining 2 percent stable inflation at greater risk, Deputy Governor Shinichi Uchida said.Uchida pointed to budding signs that Japanese companies are changing their stance on price and wage hikes. But he said in a recent interview with Kyodo News that uncertainty is still high over the inflation outlook as he stressed the need to persist with monetary easing to support the economy.The BOJ has denied market speculation of a policy change when the rise in the country's inflatio…READ FULL ARTICLE