Following the Bank of Japan's statement on 30 October that the 2% price stability target had been reached, the podcast examines the background to this development and the challenges ahead, with expert commentary on BOJ policy. The guest is economic reporter Fujibuchi Shiho (藤渕志保).
On 30 October, the Bank of Japan announced that the underlying inflation rate had reached 2%. Views were expressed that the target set by the government and the Bank of Japan in 2013 with the aim of ending deflation had been achieved.
However, some have pointed out that people's everyday experience remains dominated by the impression of high prices, raising questions about why the Bank of Japan announced that the target had been achieved at this point.
In the latter half of the discussion, the Bank of Japan's price stability target and its monetary easing measures to date were examined from an expert perspective, along with the challenges facing the Bank of Japan going forward.
The article examines the significance of achieving the target and the direction of future policy operations, drawing on the views of an expert who had served as a Policy Board member and on past debates.