BOJ Governor Kazuo Ueda (植田和男) pointed out that the underlying inflation rate had come quite close to 2%, while indicating that he wanted to reach a conclusion at the October meeting beginning on the 29th on whether the 2% target had been reached.
BOJ Governor Kazuo Ueda (植田和男) said that the underlying inflation rate had "come quite close" to 2%. Without citing specific figures, he indicated a cautious stance toward determining whether the 2% level had been reached.
Against this backdrop, he said that the timing of that assessment would be considered at a future Monetary Policy Meeting. The October meeting, beginning on the 29th, could be the key occasion for the assessment.
Through his comments, Governor Ueda indicated that he intends to reach a conclusion through discussion at the meeting, taking into account the relationship between price trends and monetary policy.