The Bank of Japan (BOJ) has announced that underlying inflation, after excluding temporary factors like government subsidies, is now "generally consistent" with the 2% target set by the government and the central bank.
BOJ Governor Kazuo Ueda and other policy board members made this determination during their Monetary Policy Meeting in Tokyo’s Chuo Ward on October 30.
The assessment suggests that the BOJ may soon consider adjusting its monetary policy, as the 2% inflation target has been a key benchmark for policy decisions.
While the statement does not specify immediate changes, it signals that the central bank is closely monitoring inflation trends and may take quick policy action if necessary.