As prices enter another phase of increase, the Bank of Japan recognizes that inflation excluding temporary factors has reached its 2% target. Reports say the end of reflationary policy is now being debated.
Prices have entered another phase of increase. The article reports that, in response to rising prices, the Bank of Japan recognized as of the end of October that inflation had reached 2%.
The Bank of Japan’s assessment has been reported as suggesting long-term inflation stability and is attracting attention as a potential turning point in policy management.
Meanwhile, a minister in the Sanae Takaichi administration (高市早苗) was also reported to have commented on deflation, drawing public interest to future policy developments and the direction of the debate.