Bank of Japan Governor Kazuo Ueda (植田和男) expressed the view that the 2% price stability target had been achieved and made clear that the policy rate would be left unchanged at the monetary policy meeting. It was reported that he conveyed the idea that developments going forward would provide additional considerations for future decisions.
The Bank of Japan decided at its monetary policy meeting to leave the policy rate unchanged.
Governor Ueda was said to have pointed to the achievement of the 2% price stability target, and policy decisions are expected to continue to depend on future economic developments.