The Bank of Japan is highly likely to state on the 30th that inflation has “reached” 2%. This is expected to mark a shift from pushing prices higher toward sustaining inflation, while a rate hike within the month is reportedly likely to be deferred.
The Bank of Japan is reportedly highly likely to state for the first time on the 30th that inflation has effectively reached its 2% target. This is expected to mark a shift in monetary policy from a phase of “pushing” prices up to 2% to one of “sustaining” them at that level. The BOJ is expected to continue raising its policy rate. The view that a rate hike within the month will be deferred has also been suggested.
The report says that the monetary policy meeting to be held on the 29th and 30th will be the focus. The meeting is expected to assess whether inflation has reached 2%, making it an important juncture for determining the direction of future policy operations.