MATSUE, Japan, March 7 (Reuters) - Bank of Japan (BOJ) board member Junko Nakagawa said on Thursday the economy was moving steadily towards sustainably achieving the central bank's 2% inflation target.

"We can say that prospects for the economy to achieve a positive cycle of (rising) inflation and wages are in sight," Nakagawa said in a speech.

(Reporting by Leika Kihara; Editing by Christian Schmollinger)