Bank of Japan says inflation hit 2% target after 13 years

Bangkok Post · Online reporters, AFP, and Reuters · 2026-10-30 13:11 UTC

The Bank of Japan said on Friday that inflation had hit its two percent target, more than 13 years after it adopted the goal in a bid to pull the economy out of deflation.

The Bank of Japan said on Friday that inflation had hit its two percent target, more than 13 years after it adopted the goal in a bid to pull the economy out of deflation.

For decades, successive governments struggled to pull the country out of a spiral of deflation and the two percent goal was set in 2013 as the BoJ launched massive monetary easing measures.

Although core consumer inflation at times topped the level in the early 2020s, Friday marked the first time that the BoJ confirmed the long-term price trend had been achieved.

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