A number of BOJ officials have said that ultra-loose policy will remain in place until the first quarter of next year

Sina Financial News analyst Haruya Ida said that the remarks of five Bank of Japan officials in the past week confirmed that the ultra-loose policy may continue until the first quarter of 2024, and may even continue into the second quarter. Central Bank Governor Kazuo Ueda noted on Thursday that there are many uncertainties in the Japanese economy and that it has not yet reached the point where it can be said that the 2% price target has been achieved in a stable and sustainable manner. Vice President Ryozo Himino, commissioners Asamu Noguchi, Toyoaki Nakamura, and Seiji Adachi have made similar remarks over the past week or so. The next round of collective bargaining will not take place until next spring, so it is unlikely that there will be any major changes to policy before the first quarter of next year.