Bank of Japan Governor Kazuo Ueda (植田 和男) held a press conference following the Monetary Policy Meeting and announced that the inflation rate had reached the 2% target. The Bank of Japan explained that the inflation rate was broadly consistent with the target and indicated that it viewed the end of deflation as having taken more than 14 years.
Following the Monetary Policy Meeting, Bank of Japan Governor Kazuo Ueda (植田 和男) held a press conference and stated that the inflation rate had reached the 2% target. The Bank of Japan also discussed its outlook going forward.
The Bank of Japan said that the inflation rate was broadly consistent with the target. For market participants, the explanation suggested stability in inflation trends.
Headlines: The view was presented that it had taken 14 years to overcome deflation, pointing to a long-term shift in price trends. The press conference was held at the Bank of Japan's head office on the afternoon of the 30th.