The Bank of Japan was reported to have judged that the underlying inflation rate had reached the 2% target and to be planning to maintain its policy of leaving interest rates unchanged.
The Bank of Japan judged that the underlying inflation rate had reached the 2% target. Against the backdrop of its long-standing monetary policy framework, the view was reported that future policy operations would focus on containing inflation.
Following this assessment, rates were said to remain unchanged, with reports suggesting the possibility of a shift to a new phase of policy.