Japan39;s deflationary mindset changing BOJ board member Takata
BOJ must maintain easy policy, respond nimbly to risks
There39;s some distance to exit from negative rate policy

TOKYOSHIMONOSEKI, Japan, Sept 6 Reuters Bank of Japan policymaker Hajime Takata on Wednesday ruled out an early exit from negative interest rates, while also saying that he saw signs the public39;s deflationary mindset is beginning to change.

Inflation has exceeded the central bank39;s 2 target for more than a year, prompting financial market players to speculate that the BOJ will soon dismantle the radical stimulus programme adopted under previous Governor Haruhiko Kuroda.

Takata, a former private economist, said there were signs of change in corporate price and wagesetting behaviour that were pushing up goods and service prices, pointing to broadening inflationary pressures in the world39;s thirdlargest economy.

I believe Japan39;s economy is finally seeing early signs of achieving the BOJ39;s 2 inflation target, Takata said in a speech, suggesting that conditions for phasing out the bank39;s massive stimulus are slowly falling into place.

We need to patiently maintain the current massive monetary stimulus. At the same time, we need to respond nimbly against uncertainties as we39;re seeing early signs of a positive cycle emerge between wages and inflation, he said.

At a news conference later on Wednesday, Takata said it would take a year to determine whether recent wage rises will be…