BOJ announces that 2% inflation has been reached at Monetary Policy Meeting, 14 years after target was introduced

The story

At a press conference following its Monetary Policy Meeting, the BOJ formally stated that inflation had reached its 2% target. It explained that the price stability target had been achieved after a prolonged period.

The statement was reported together with the fact that 14 years had passed since the BOJ introduced its long-term inflation target. Attention is expected to focus on future policy management and the market response.

At a glance

TimingAt its Monetary Policy Meeting, the BOJ announced that 2% inflation had been reached

OutcomeInflation was said to have reached the BOJ's 2% target

Period14 years have passed since the target was introduced

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