Key facts
- Underlying inflation is close to the Bank of Japan's 2% target.
- Bank of Japan Governor Kazuo Ueda cannot tolerate inflation rising further.
Bank of Japan Governor Kazuo Ueda said Friday that underlying inflation is already quite close to the central bank's 2% target and that "we cannot tolerate it rising any further." He made the remarks in Bangkok, where G20 officials discussed the Middle East conflict and the artificial intelligence boom and their impact on economic growth and prices.
