TOKYO (Reuters) - Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday he saw the benefits of the central bank's ultra-loose monetary policy still outweighing the costs.
"We still haven't put a sustained end to deflation and inflation hasn't reached the BOJ's 2 percent target. But we're seeing an end to a long period of time when consumer prices kept falling," Wakatabe told parliament.
"When I look at developments since we introduced quantitative and qualitative easing, the outcome is clearly positive," he said.