At its monetary policy meeting on 30 October, the Bank of Japan indicated that underlying inflation had reached a level broadly consistent with its 2% price stability target. This column by Minoru Uchida (内田 稔) examines the outlook for a stronger yen in 2027 and continued rate hikes by the Bank of Japan.
At its monetary policy meeting on 30 October, the Bank of Japan indicated that underlying inflation had reached a level broadly consistent with its 2% price stability target.
The target was introduced in 2013 with the aim of achieving long-term price stability.
The column discusses the possibility that the yen may turn stronger in 2027 and the impact of continued Bank of Japan rate hikes on the yen's exchange rate.