Coverage dated October 28, 2026 to October 29, 2026
BOJ Holds Rates, Says Inflation Trend Hits Target For First Time
Headline from Bloomberg
The Bank of Japan held its benchmark rate untouched while indicating for the first time that underlying inflation has reached its 2% target, a milestone that opens the door to a hike in December.
Bloomberg's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Bank of Japan is widely expected to keep its benchmark interest rate unchanged on Friday while indicating that underlying inflation has finally reached its 2% target, a milestone that would strengthen the case for further rate hikes.
For 13 years, the Bank of Japan has tried to coax inflation higher toward 2% as it sought to shake off a deflationary spiral and decades of economic drift. At a Bank of Japan policy meeting on Friday, Governor Kazuo Ueda’s team is expected to finally declare the goal has been reached.
Consumer inflation in Tokyo remained well above the Bank of Japan’s 2% target, underscoring persistent price pressures just hours before the central bank’s board is expected to hold its policy settings steady.
The Bank of Japan held its benchmark rate untouched while indicating for the first time that underlying inflation has reached its 2% target, a milestone that opens the door to a hike in December.
BOJ Holds Rates, Says Inflation Trend Hits Target For First Time | Since Then
