A Bank of Japan Policy Board member delivered a speech in Fukui City, indicating a policy of continuing to raise the policy rate and adjust the degree of monetary easing. The member said that the underlying inflation rate is approaching 2%.
A Bank of Japan Policy Board member delivered a speech in Fukui City on the 10th, stating, “We will continue to raise the policy rate and adjust the degree of monetary easing.” This provided an indication of the direction of monetary policy going forward.
During the speech, the member noted that the underlying inflation rate had “come quite close to 2%.” The member indicated that the Bank would continue adjusting the degree of monetary easing while assessing price trends.