Ella 
On Thursday, Bank of Japan Governor Kazuo Ueda said the Bank of Japan expected to maintain loose monetary policy for the time being.
Key Quotes:
The Bank of Japan is expected to maintain loose monetary policy for the time being.
Loose monetary policy could support the economy.
Cost-push inflationary pressures are dissipating, but service prices continue to rise modestly.
Recent wage negotiation data and corporate hearings confirm that the wage-inflation cycle is intensifying.
Inflation expectations are heading towards 2% in the medium to long term.
The Bank of Japan will support the economy and prices by temporarily maintaining loose monetary conditions
We could have waited for inflation to remain at 2% for an extended period before exiting large-scale stimulus, but this would have resulted in a sharp rise in upside risks to the price outlook.
