BOJ keeping monetary conditions accommodativeGradually adjusting degree of monetary accommodationJapan is seeing inflation in the sense that consumer prices are risingBut it is up to the government to decide whether Japan is out of deflationBOJ does not directly target exchange rateWill continue to scrutinise market moves, impact on the economy and pricesHard for BOJ to directly influence wagesWage dynamics are driven by various factors including those that monetary policy cannot controlThe comments go in line with Katayama's remarks around the same time here. And Katayama herself already gave the answer that "Japan has not fully exited deflation". That's a bit of a jibe at the BOJ as the central bank is still trying to work out how they want to angle their next rate hike.Besides that, Katayama did also chime in to say that the BOJ's task is to achieve price stability and not to target the exchange rate. And that is something that Himino also reaffirmed above. But I reckon, Katayama's comment has a double meaning in that she doesn't want policymakers at the central bank to overstep in raising interest rates to defend the yen currency. This article was written by Justin Low at investinglive.com.