The Bank of Japan decided at its monetary policy meeting to keep the policy rate at 1.25%, stating that the underlying rate of price increases was at a level broadly consistent with the 2% target. Governor Ueda Kazuo (植田和男) held a press conference.
The Bank of Japan decided through its monetary policy meeting to keep the policy rate at the current level of 1.25%. It also disclosed that the underlying rate of price increases was considered broadly consistent with the 2% price stability target.
The announcement was explained at a press conference held by Governor Ueda Kazuo (植田和男), with emphasis placed on the consistency between the price stability target and current policy management. The detailed contents of the press conference were presented in a video.
In the context of the price stability target introduced in 2013, the decision was viewed as reaffirming the consistency between maintaining the current monetary policy stance and the outlook for prices.