Bank of Japan review member Hajime Takada: The challenge is to achieve a virtuous cycle of wages.

Bank of Japan deliberation member Takada So: Japan may be at a turning point in the change of price standards.

Bank of Japan review member Hajime Takada: Finally we see good signs of reaching the price target.

Bank of Japan deliberation member Takada So: will carefully observe the financial market.

Bank of Japan deliberation member Takada So: If the overseas economy slows down sharply, it may put pressure on the Japanese economy.

Bank of Japan review member Hajime Takada: The output gap has turned positive and may continue to gradually expand.

Bank of Japan review member Hajime Takada: We will continue to pay attention to the costs and side effects of yield curve control (YCC).

Bank of Japan review member Hajime Takada: Real interest rates may continue to fall.

Bank of Japan deliberation member Takada So: The degree of monetary easing is being strengthened.

Hajime Takada, a member of the Board of Review of the Bank of Japan: I think that given the high degree of uncertainty about the outlook, the Bank of Japan must patiently maintain an accommodative policy.

Bank of Japan deliberation member Takada So: Need to act flexibly to deal with uncertainty.

Bank of Japan deliberation member So Takada: There are signs of a change in inflation trends in Japan as rising wages push inflation expectations higher.

Bank of Japan deliberation member Takada So: There are signs of changes in corporate wages and pricing behavior.

Bank of Japan review member Hajime Takada: There may be an opportunity for the public to change their view that prices and wages will not rise significantly.

Bank of Japan review member Hajime Takada: Japan is showing early signs of achieving 2% inflation.

Market news: ASEAN has established a cross-border haze control center in Jakarta, Indonesia.

According to the Wall Street Journal: Tesla CEO Elon Musk borrowed $1 billion from SpaceX the same month he bought Twitter, and repaid the loan shortly after.

Brent crude oil stood at $90/barrel, up 0.16% on the day.

New Zealand Prime Minister Hipkins outlined his economic priorities if he is re-elected: plans to lead a delegation to India within 100 days and increase venture capital funds to invest in agtech companies.

Masato Kanda, Deputy Minister of Finance of Japan: Rapid foreign exchange fluctuations have brought uncertainty to businesses and households.