Seiji Adachi is a Member of the Policy Board of the Bank of Japan Japan yet to see positive wage-inflation cycle become embedded enoughAppropriate to patiently maintain easy policyIf needed BOJ will take additional easing stepsSteps BOJ took in October to make YCC flexible not aimed at laying the groundwork for policy normalisation Japan's inflation expectations heightening moderatelySee risk to Japan's inflation outlook skewed to upside Companies starting to shed deflationary price-setting practicesHard to predict now whether wage hikes will continue next fiscal yearGiven high uncertainty over global economic outlook, there is risk japan's inflation, wages face downward pressureIf positive
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