The Bank of Japan announced on 30 October that the rate of price increases had reached the 2% price stability target. It explained that the Statistics Bureau’s consumer price index had exceeded 2% and had reached the 4% range during some periods, raising the question of how the Bank of Japan views the criteria for its assessment.
At its monetary policy meeting held on 30 October, the Bank of Japan published its view that the rate of price increases had reached the 2% price stability target.
As grounds for this assessment, the Bank of Japan cited trends in the Statistics Bureau’s consumer price index and pointed out that, in the past, it had reached not only 2% but also the 4% range.
The focus is reportedly on which indicator the Bank of Japan links to this assessment.