BOJ Governor Ueda Says Inflation Nears Two Percent Target
Bank of Japan Governor Kazuo Ueda told parliament Tuesday that underlying inflation is accelerating. He pledged to guide policy to reach the price target.
Bank of Japan Governor Kazuo Ueda informed parliament on Tuesday that underlying inflation in Japan is gradually gaining momentum toward the central bank's 2% objective. The governor's assessment highlights a consistent trend in price growth, which is a key factor for future monetary policy decisions.
We will guide monetary policy appropriately so that Japan sustainably and stably achieves our 2% inflation target.
The statement reflects the central bank's ongoing efforts to transition the economy into a period of stable inflation. Ueda's remarks come at a time when analysts are looking for signals regarding the timing of potential policy normalization.
By focusing on underlying inflation, the BOJ seeks to ensure that the 2% target is met through domestic demand and wage increases rather than temporary external shocks. The central bank remains committed to adjusting its policy tools to support this sustainable growth path.
