An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023.
An increasing number of Japanese companies were raising prices and wages, Nakagawa said, adding that there was a chance inflation could accelerate more than initially expected.
But there was also a risk inflation could slow once the pass-through of higher costs moderate, she said.
"But we're not at a stage where we can judge that Japan has achieved our price target in a stable, sustainable fashion."
Reporting by Leika Kihara; Editing by Tom Hogue and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons:
Androniki, Bank of Japan policymaker Junko Nakagawa, Nakagawa, Kazuo Ueda, Leika Kihara, Tom Hogue, Kim Coghill
Organizations:
REUTERS, Rights, Bank of Japan, Thomson
Locations:
Japan, Tokyo, Rights KOCHI, Kochi