The Bank of Japan stated that the rise in underlying inflation had reached its longstanding 2% price stability target. With 13 years having passed since its introduction in 2013, views among experts on future policy management and interest-rate trends are resurfacing.
The Bank of Japan stated that the rise in underlying inflation excluding temporary factors had reached its 2% price stability target. This follows confirmation that the target had been reached 13 years after its introduction.
Interviews with experts for a Nikkei feature have broadened the debate over the Bank of Japan's future monetary policy following the achievement. The feature focuses on how achieving the price target should be assessed as a turning point for accommodative policy.
University of Tokyo Professor Emeritus Watanabe Tsutomu (渡辺努) has suggested that the policy rate could reach as high as 3%, prompting discussion among experts about the potential for future interest-rate adjustments.