Chief Cabinet Secretary Kihara: “Monetary policy will be appropriately managed to achieve the 2% price stability target sustainably and stably”; BOJ says underlying inflation has reached 2%

The story

The Bank of Japan announced that underlying inflation had reached the 2% target level.

Chief Cabinet Secretary Kihara indicated that, in light of this development, the BOJ intends to manage monetary policy appropriately to achieve the target.

The announcement represents an alignment between the BOJ’s official view on its inflation target and the government’s policy stance.

At a glance

Underlying indicatorsBOJ announces underlying inflation has reached 2%

Chief Cabinet Secretary Kihara's statementChief Cabinet Secretary Kihara suggests continuation of current monetary policy operations

Issuing entityBank of Japan says it has confirmed that underlying inflation has reached the target

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