Fukui says Japan ready for monetary policy shift

Bank of Japan Governor Toshihiko Fukui told his Group of Seven counterparts that the central bank will move away from its monetary policy stance eventually, once the condition of sustainable rising consumer prices is met, Kyodo News Agency reported.

Fukui made the remark at a news conference after a two-day meeting of the G7 finance ministers and central bank governors in London.

Fukui said the year-on-year change in the core CPI is expected to turn positive by the end of the year.

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