The Bank of Japan judged that inflation had reached its 2% target and indicated a policy shift toward making price stability its next objective and curbing inflation through flexible rate hikes. On the morning of the 30th, the Bank of Japan announced its assessment ahead of the monetary policy meeting, attended by Governor Kazuo Ueda (植田和男) and others.
Ahead of the monetary policy meeting held on the morning of the 30th, the Bank of Japan was reported to have judged that inflation had reached the 2% target it had pursued for many years. Governor Kazuo Ueda (植田和男) led the Bank's participation in the meeting, and this assessment was presented as the Bank of Japan's statement.
The Bank of Japan has set price stability as the “next objective” of its monetary policy. Under a policy of making an exit from deflation its mission, it aims to shift toward curbing inflation by promoting flexible rate hikes in response to conditions.
The report also covered international market trends and other news related to the announcement, but its main focus was the Bank of Japan's assessment and future policy direction.