BoJ’s Koeda: Core inflation is already near 2%
By Lallalit Srijandorn
Updated: 21 May 2026
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Bank of Japan (BoJ) Policy Board Member Junko Koeda said on Thursday that Japan's core inflation rate has approached 2%. Koeda also highlighted the progress towards achieving the BoJ's inflation goal, which has been a key focus for policymakers in recent years.
Bank of Japan (BoJ) Policy Board Member Junko Koeda said on Thursday that Japan's core inflation rate has approached 2%. Koeda also highlighted the progress towards achieving the BoJ's inflation goal, which has been a key focus for policymakers in recent years.
Key quotes
Core inflation is already near 2%.
Bank must keep raising policy interest rate amid shifts in economic activity, prices and financial conditions.
Recent developments could raise risk of sustained high crude oil prices.
Given supply and demand dynamics, prices may keep rising across more items in future.
Given Middle East situation, underlying inflation could surpass 2% going forward.
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