The Bank of Japan announced that it had achieved its 2% price stability target and set out its policy direction toward exiting deflation. The achievement was positioned as coming after more than 14 years, with the expression “broadly consistent” used.
The Bank of Japan announced that it had achieved its 2% price stability target. Against this backdrop, the policy direction toward exiting deflation appears intended to be indicated.
The official explanation emphasizes consistency with the target while taking into account the prolonged period required to achieve it.