The Bank of Japan judged that the inflation rate had reached 2%, moving monetary policy toward a major shift. Reports say it aims to curb inflation by pursuing flexible rate hikes.
The Bank of Japan judged that the inflation rate had reached its 2% target. Against this backdrop, views have emerged that monetary policy is entering a major turning point under the long-term policy of escaping deflation.
Ahead of the monetary policy meeting, wage increases were attracting attention as the key to generating a virtuous economic cycle. Some commentators have also pointed to consideration of flexible rate hikes against the backdrop of the achievement of the price target.