Bank of Japan holds interest rates steady as inflation reaches its 2% target

Summary

The Bank of Japan kept interest rates unchanged at its latest decision. The Japan Times reports that consumer prices are now rising more than 2% a year, in a way that suggests the gains are stable and sustainable. CNBC reports that the BOJ declared its underlying inflation target of 2% has been met, the first time the central bank has done so since it set the target in 2013. Bloomberg reports that the yen pared gains against the dollar after Governor Kazuo Ueda kept the possibility of further rate hikes alive but offered few fresh clues on their timing.

Timeline

1. The Japan Times

   30 Oct 2026, 03:12 UTCSource ↗

   The Japan Times reports that the Bank of Japan held interest rates steady even as consumer prices rose more than 2% a year, a rate the bank has said is its target.

2. Bloomberg

   30 Oct 2026, 03:15 UTCSource ↗

   Bloomberg reports that the yen pared gains against the dollar after Governor Kazuo Ueda kept the possibility of further rate hikes alive but offered few fresh clues on their timing.

3. CNBC

   30 Oct 2026, 03:38 UTCSource ↗

   CNBC reports that the BOJ declared its underlying inflation target of 2% has been met, the first time the central bank has done so since it set the target in 2013.