Bank of Japan policy board member Nakamura: • Japan's economy recovering moderately albeit some weak signs. • My view is that inflation may not reach 2% from fiscal 2025 onward if consumption weakens. • Will focus on whether inflation-adjusted consumption turns positive, in deciding future monetary policy. • Based on current data, it is appropriate to keep policy intact for time being. • Pass-through of wages to inflation remains weak but closely monitoring situation. (full story)