BOJ's Muto says policy shift will be slow

Bank of Japan deputy governor Toshiro Muto said Thursday 5 October that the BoJ will conduct monetary policy changes "slowly" by closely monitoring the economic and financial climate.

In a speech to a business community in Kyoto in western Japan, Muto also repeated the central bank's latest stance that BoJ policymakers have no "preset" timing for a future rate hike in mind.

"About the timing of monetary policy changes, we don't have any preset idea," Muto said.

"If economic developments move i