Bank of Japan reviewer Takata stated that the overall level of increase in the Consumer Price Index (including underlying inflation) has reached the target of price stability.
The Bank of Japan stated that after the adjustment of policy interest rates, the loose financial environment will continue to strongly support economic activity.
The Bank of Japan plans to purchase 355 billion yen of 1-3 year Japanese treasury bond twice a month from July to September, compared with 255 billion yen three times a month.
The Bank of Japan will suspend the reduction of bond purchases from April 2027, maintain the monthly purchase scale of Japanese treasury bond at 2 trillion yen, and continue to raise policy interest rates according to the development of economic activities, prices and financial conditions.
