At a press conference following its monetary policy meeting, the BOJ said that the inflation rate had reached its 2% target. BOJ Governor Kazuo Ueda (植田和男) said the inflation rate was broadly consistent with the target, indicating that 14 years had passed since Japan escaped deflation.
At a press conference following its monetary policy meeting, the BOJ said that the inflation rate had reached its 2% target.
BOJ Governor Kazuo Ueda (植田和男) described the inflation rate as “broadly consistent” with the target. It was also noted that 14 years had passed since Japan escaped deflation.