The video clearly explains the BOJ's logic. It presents the view that even if the underlying inflation rate reaches 2%, this does not directly mean that the BOJ's price stability target has been achieved, and it outlines the key points to watch in future policy management.
The statement from the September policy meeting included wording on risks and monetary policy, while views suggesting a December rate hike were reported at the press conference.
The video addresses the statement that underlying inflation had reached 2%, while explaining the interpretation that this alone does not establish that the price stability target has been achieved.
It organizes the relationship between underlying inflation and the price stability target based on the trend inflation rate and inflation forecasts in the October Outlook Report.
The Consumer Price Index is said to remain subject to upside risks. The press conference's explanations of responses to these risks and the outlook for monetary policy management next year are identified as key points.