Bank of Japan board member Tamura expects inflation target to be met by spring

Bank of Japan board member Naoki Tamura stated on Friday that the 2% inflation target could be reached by spring. He noted that underlying rates are rising.

Bank of Japan board member Naoki Tamura stated today, February 13, 2026, that he sees a good chance that Japan JPJP will durably achieve its 2% inflation target by around spring this year. This announcement marks a significant near-term timing judgment regarding the national-scale assessment of monetary-policy objectives. Tamura explicitly linked this timing to the expectation that the underlying inflation rate will become embedded at the central bank's stated objective.
FILE PHOTO: A Japanese flag flutters atop the Bank of Japan headquarters in Tokyo, Japan, on December 19, 2025. REUTERS/Manami Yamada/File Photo
FILE PHOTO: A Japanese flag flutters atop the Bank of Japan headquarters in Tokyo, Japan, on December 19, 2025. REUTERS/Manami Yamada/File Photo
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