BoJ's Nishimura concerned over slow consumption

Bank of Japan board member Kiyohiko Nishimura said in a speech on Wednesday 6 December further interest rate hikes by the BoJ are expected to be "gradual" as far as inflation expectations remain low, adding he is "greatly concerned" about slow domestic consumption.

In a speech to a business community in Matsumoto, northwest of Tokyo, he said: "If expected price gains remain low and stable, corresponding adjustments to nominal interest rates will be done 'cautiously and gradually,' which also m