BOJ Targets Stable Core Inflation Around 2%, Governor Ueda Says

TOKYO – Bank of Japan Governor Kazuo Ueda declared that the central bank's key objective is to stabilize core inflation at around 2%, as investors continue to monitor Japan's monetary policy path.

According to remarks reported by media, Ueda stressed that anchoring core inflation near the 2% threshold has been a consistent priority, rather than focusing solely on short-term consumer price gauges. This is a target the BOJ has pursued for years.

Ueda did not provide details on the timing or specific next steps for policy, but affirmed that this direction remains the focus of the central bank's operations.

Ueda's remarks came as global financial markets continue to assess the impact of the BOJ's recent policy moves, including its interest rate hike and adjustments to its yield curve control mechanism.