The Bank of Japan said underlying inflation had reached the 2% target. Chief Cabinet Secretary Kihara (木原) said the government would seek to achieve this on a sustained and stable basis.
Following the Bank of Japan’s announcement that underlying inflation had reached 2%, the Joint Statement by the Government and the Bank of Japan (Accord) was set out.
At an afternoon press conference on the 30th, Chief Cabinet Secretary Kihara Minoru (木原稔) said that, following this achievement, the government would continue working to achieve price stability.
The statement aims to bring inflation sustainably to the 2% target level and keep it stable once there.