According to the record of Bank of Japan Governor Ueda Kazuo's (植田 和男) press conference released by the Bank of Japan on 20 October, underlying inflation is approaching 2%, and the policy of additional rate hikes was explained.
The record of the press conference held by the Bank of Japan Governor Ueda, released by the Bank of Japan on 20 October, indicated that underlying inflation is approaching 2%. It also referred to a new phase in future interest-rate policy.
Governor Ueda is said to have explained the policy of additional rate hikes. As a result, attention will focus on long-term interest-rate trends and the direction of interest-rate policy.
The press conference record is viewed as setting out a framework for policy decisions in light of inflation approaching around 2%. Future releases and comments may continue to attract attention.