The Bank of Japan says inflation has reached its 2% target and has kept policy rates unchanged.
The Bank of Japan held rates at 1.25 percent, saying inflation is on track to meet its 2 percent target and raising its core inflation forecast to 2.7 percent. A survey of 16 economists expects a rate hike in December or January next year.
- The Bank of Japan held rates at 1.25 percent.
- The Bank of Japan stated underlying inflation is consistent with its 2 percent price stability target.
- A survey of 16 economists indicated all respondents expected BOJ to prepare a rate hike in December or January next year.
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