At its July meeting, the Bank of Japan discussed the possibility of shifting toward a policy of anchoring the underlying inflation rate at around 2%. With underlying inflation approaching 2%, the direction of future policy management is the focus.
The Bank of Japan held a monetary policy meeting in July, where a shift toward a policy of aiming to anchor the underlying inflation rate at around 2% was discussed. The meeting reportedly considered changes in the implementation of policy management based on the assumptions underlying the price outlook and financial market developments.
According to people familiar with the matter, the underlying inflation rate is approaching 2%, and opinions were exchanged on the tools and implementation priorities for anchoring it sustainably. Many Policy Board members were reported to have expressed support for this direction.
However, the article did not specify the timing for anchoring inflation or the implementation timing of detailed measures. Explanations at future meetings and in published materials will be closely watched.