TOKYO (Reuters) -New Bank of Japan board member Junko Koeda said the country's real interest rates are currently "extremely low," as inflation accelerates backed by solid growth in wages.

"Various data point to the direction that underlying inflation is moving toward" the bank's goal of sustainable 2% inflation, Junko Koeda said at her inaugural news conference on Wednesday.

The Bank of Japan (BoJ) new board member Junko Koeda said on Wednesday, “we are seeing signs of progress on rising prices alongside wage hikes.” Various indicators show underlying inflation ...

NEW BOJ BOARD MEMBER KOEDA: NEUTRAL RATE IS AN IMPORTANT MEANS TO DECIDE MONETARY POLICY, BUT WANT TO USE IT TAKING INTO ACCOUNT THE FEATURES OF VARIOUS DATA, MODELS AND ASSUMPTIONS ...