The BOJ stated that the inflation rate had reached its 2% target. As the exit from deflation moves beyond 14 years, Governor Ueda explained the situation at a press conference following the monetary policy meeting.
The BOJ stated at a press conference following the monetary policy meeting that the inflation rate had reached its 2% target. The governor’s remarks were reported based on the outcome of the meeting.
BOJ Governor Ueda attended the press conference and reportedly explained current price trends and the future direction of monetary policy. He is also said to have responded to questions from reporters.
The BOJ head office is shown in the photographs accompanying the article, which positions the policy decision as a milestone following achievement of the inflation-rate target. The report also notes that the exit from deflation is now being considered as having lasted more than 14 years.
Additional reports on price trends and the future outlook for monetary policy are expected to follow as related news, and attention is focused on subsequent developments.