Key facts
- Bank of Japan Governor Kazuo Ueda said the 2% inflation goal has not yet been sustainably achieved.
- Underlying inflation is broadly consistent with 2%, according to Ueda.
Bank of Japan Governor Kazuo Ueda stated on Friday, October 30, 2026, that the central bank does not believe its price stability goal of 2% inflation has yet been achieved sustainably and stably, despite underlying inflation being broadly consistent with that target. The remarks came as the Bank of Japan concluded its two-day policy meeting in Tokyo, where it decided to keep its benchmark interest rate steady.