The Bank of Japan was reported to have judged at its monetary policy meeting that its 2% inflation target had been achieved, bringing efforts to overcome years of deflation into sharper focus. Attention is turning to the Bank's policy operations going forward.
The Bank of Japan was reported to have judged, following its monetary policy meeting, that the 2% inflation target based on the nationwide consumer price index had been achieved. This was seen as showing the Bank's intention to proceed prudently with an exit from the low-growth and deflationary environment.
The article included photographs of Governor Ueda and others, reporting on the Bank's situation as they attended the meeting. Discussions on the sustainability of monetary easing are expected to continue against a backdrop of price stability.