BOJ says underlying inflation is “broadly consistent” with its 2% target, for the first time since the price stability target was introduced in 2013

The Bank of Japan assessed that underlying inflation was broadly consistent with its 2% target. This was the first such result to be disclosed since the price stability target was introduced in 2013.

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The story

The Bank of Japan assesses that the trend in underlying inflation is not materially diverging from its long-term 2% inflation target. This assessment was presented at the press conference and in the statement.

This marks the first official reference to consistency since the price stability target was introduced in 2013. Market impact and future developments are expected to remain subject to official announcements.

At a glance

Focus on consistencyThe Bank of Japan assessed the consistency between underlying inflation and the 2% target

First year of applicationFirst disclosure since the introduction of the price stability target in 2013

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