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Monday, 2 November 2026
Markets

Bank of Japan Sees Progress Anchoring Inflation Near 2% Target

The BOJ says underlying inflation is near its 2% goal, keeps the rate at 1.25% and lifts its fiscal 2027 inflation forecast.

By TLA AI Editor4 min read

Tokyo, Japan, 2 November 2026 – The Bank of Japan (BOJ) said underlying inflation was generally consistent with its 2% target in its October outlook released on Monday, while leaving its policy rate guidance at around 1.25% after the 30 October meeting. The Policy Board’s median forecast for consumer inflation excluding fresh food in fiscal 2027 rose to 2.6%, from 2.4% in its July projections.

For Asian businesses and investors, the report matters because Japan’s rate path, yen and import costs can feed into financing, trade and portfolio decisions across the region. The confirmed facts are the BOJ’s inflation assessment and revised forecast; the regional implications are analysis, not a forecast from the bank. The report does not set a date for another rate change, so investors still need to weigh incoming wage, price, currency and demand data.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.