The BOJ decided to forgo a rate hike at its monetary policy meeting and kept its policy rate at approximately 1.25%. It stated that inflation had reached the 2% target and also announced a policy of accelerating the pace of ETF sales.
The BOJ indicated that it would keep its policy rate at around 1.25%, reportedly to assess the effects of last month's rate hike.
It stated that the underlying inflation rate had reached the 2% target, with the achievement expected to represent the first such instance since 2013. It said that confirming whether inflation had become established at around 2% would be important going forward.
The BOJ decided to accelerate sales of ETFs purchased as part of its monetary easing measures. It plans to sell approximately ¥860 billion a year on a book-value basis and aims to complete the process in about 43 years.
The inflation outlook for fiscal 2027 was raised to 2.6% from 2.4% previously. The BOJ indicated that it would continue to monitor risk factors including the situation in the Middle East and expanding AI demand.