Economy · Tokyo, Japan · October 30, 2026

Bank of Japan holds rates, says inflation target met

Reported by 3 outlets · first reported Oct 29, 11:12 PM ET

The Bank of Japan kept rates unchanged. It said underlying inflation has reached its 2% target for the first time since 2013. Prime Minister Takaichi said energy subsidies resume in December.

Why it matters

It signals Japan's long fight with weak prices may be over.

Background

Japan struggled with falling prices for decades.

The story so far

1. Oct 23Japan's core inflation rises to 2.1%, highest this year
2. Oct 29Bank of Japan holds rates at 1.25%, says 2% target met
3. Oct 30Bank of Japan holds rates, says inflation target met
4. Oct 31Bank of Japan holds rates; Nikkei falls 2.1%
5. Nov 10Bank of Japan signals likely December rate hike

Follow the whole story →

Sources

• CNBC ↗Oct 30, 12:19 AM ET
• Japan Times ↗Oct 29, 11:12 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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