TOKYO — Bank of Japan Governor Kazuo Ueda said the country's core inflation is moving closer to the 2% target, according to newly released remarks.
The BOJ chief's comments come as markets continue to closely watch for signals on the path of Japanese monetary policy, after the central bank repeatedly stressed the role of inflation in its policy decisions.
The 2% inflation target is the threshold the BOJ has long pursued in seeking stable price growth. Core inflation edging toward that level is seen as an important indicator for the central bank's next steps.
Full details of Governor Ueda's remarks and specific figures were not disclosed in the initial information.
