Inflation concerns loom over BOJ as 2% target comes into focus

Opinions from latest meeting reflect growing uncertainties over prices

20230807N Ueda

Bank of Japan Gov. Kazuo Ueda has said that the central bank underestimated the rise in consumer prices. © Reuters

DAICHI MISHIMA, Nikkei staff writer

TOKYO -- Some policymakers at the Bank of Japan see a path to the BOJ's goal of a sustained, stable 2% inflation rate, a summary of opinions from their latest meeting shows, though concern about inflation outpacing the bank's projections is rising.

The growing uncertainty about prices drew attention during the central bank's two-day policy meeting ended July 28, as one board member cited "increasingly significant upside and downside risks to the outlook for prices," according to the document published Monday.

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