Bank of Japan Governor Ueda Kazuo (植田和男) said that the underlying inflation rate had "come to be quite close to 2%." The remark is being reported as a statement drawing market attention.
Bank of Japan Governor Ueda Kazuo (植田和男) commented on the underlying inflation rate. The governor expressed the view that it had "come to be quite close to 2%," the target. The article does not provide details on the data supporting the statement or the relevant point in time.
47NEWS, with reporting from Kyodo News, is carrying the report as breaking news on the view expressed by the Bank of Japan governor. The article can be understood as conveying one aspect of the Bank of Japan's assessment of the current state of monetary policy.
Readers are watching how economic indicators develop and how the momentum of price increases evolves, with the focus expected to be on how close inflation is to the Bank of Japan's price stability target.