{
  "id": 17175849,
  "title": "BOJ says 2% inflation target generally achieved, maintains policy rate",
  "url": "https://urgent.news/2026/10/30/boj-says-2-inflation-target-generally-achieved-maintains-policy-rate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T04:01:36.000Z",
  "source": {
    "name": "The Mainichi",
    "slug": "the-mainichi",
    "url": "https://mainichi.jp/english/articles/20261030/p2g/00m/0bu/041000c"
  },
  "original_language": "en",
  "account": "The Bank of Japan reported on Friday that underlying inflation has largely met its 2 percent target, a milestone achieved nearly 14 years after the goal was established. This assessment was included in the bank's latest quarterly economic outlook report, released following a two-day policy meeting. As anticipated, the central bank decided to keep its benchmark interest rate steady around 1.25 percent. One of the nine board members, Hajime Takata, dissented with the decision.\n\nThe BOJ indicated it will continue to raise its policy interest rate and modify the extent of monetary accommodation, as underlying inflation is currently at a level that aligns closely with the price stability objective of 2 percent, while financial conditions have been accommodating. In addition, the bank chose to speed up the sales of exchange-traded funds it holds. For the current fiscal year ending in March, the BOJ anticipates the Japanese economy to grow by 0.7 percent, slightly higher than its prior prediction of 0.6 percent growth. The outlook for core consumer price inflation remains unchanged at 2.5 percent.\n\nEarlier this week, both the U.S. Federal Reserve and the European Central Bank announced they would maintain their respective policy rates at unchanged levels.",
  "summary": "TOKYO (Kyodo) -- The Bank of Japan said Friday that underlying inflation has generally reached its 2 percent target, nearly 14 years after the goal wa",
  "key_points": [
    "Underlying inflation largely meets 2% target, 14-year milestone",
    "BOJ maintains 1.25% benchmark interest rate",
    "Economy expected to grow 0.7% in current fiscal year"
  ],
  "editors_take": "Reaching this long-awaited inflation milestone signals a shift toward tighter monetary policy as the central bank prepares to reduce accommodation and normalize interest rates.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}