The Bank of Japan decided at its policy meeting to defer an additional rate hike. It was understood that the 2% inflation target had been reached, and the Governor explained the background and key points for future decisions at a press conference. The view was expressed that the next meeting would also be taken into account in making the decision.
The Bank of Japan decided at its monetary policy meeting to defer an additional rate hike. The view was expressed that the inflation rate had reached the 2% target, and the Bank indicated that it would maintain its current monetary policy stance.
At a press conference after the meeting, Governor Ueda Kazuo (植田和男) explained the background to the achievement of the 2% target and factors affecting the economy and prices. The Middle East situation, demand related to AI, and currency fluctuations were reportedly cited as factors for consideration. The Bank indicated that future decisions would be made with the next meeting also taken into account.