BoJ's Muto: Conditions not met for policy shift

Bank of Japan Deputy Governor Toshiro Muto said on Thursday 2 February it was still too early to abandon the bank's ultra-loose policy despite recent increases in consumer prices.

Muto said the central bank will need a new policy roadmap after ending so-called "quantitative easing" to enhance the transparency of its monetary policy.

Noting that the core consumer price index, a key monetary policy benchmark, rose for the second consecutive month in December after flattening in October, Muto said