BoJ’s Ueda: Underlying inflation gradually accelerating toward our 2 percent target
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that underlying inflation gradually accelerating toward our 2% target. Ueda added that central bank will guide monetary policy appropriately to stably and durably achieve the inflation target.
Key quotes
Underlying inflation gradually accelerating toward our 2 percent target.
Will guide monetary policy appropriately to stably and durably achieve 2% inflation target.
Expect underlying inflation to converge toward our target in latter half of fiscal 2026 through fiscal 2027.
Market reaction
As of writing, the USD/JPY pair is up 0.11% on the day at 159.21.
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