At a press conference, BOJ Governor Ueda Kazuo (植田 和男) explained the outcome of the monetary policy meeting. He indicated that the underlying inflation rate was broadly consistent with the 2% price stability target, but that the target had not yet been achieved on a sustainable and stable basis.
At a press conference on the afternoon of the 30th, BOJ Governor Ueda Kazuo (植田 和男) explained the outcome of the monetary policy meeting held that day.
He said that the underlying inflation rate was at a level broadly consistent with the 2% price stability target.
At the same time, he pointed out that the price target had not yet been achieved on a sustainable and stable basis and indicated that establishing inflation at 2% was important.
Regarding future decisions and the outlook, the view was expressed that it would be necessary to closely monitor price trends together with the meeting’s report.