BOJ's Shirai: It will take many years to reach 2% inflation target

More comments flowing in from the former BOJ board member Shirai via Bloomberg, as she responds to the Q&A session.

Key Headlines:

Abenomics not successful yet but has important goals

The only solution to consumption growth is wage hikes

Wages in service sector are low due to low productivity

IMF wanted to send a message to Japanese corp sector

IMD think companies should rethink wage models

Corp sector has to anticipate labour shortage

IMF wants companies to be ready to raise wages