Bank of Japan Governor Kazuo Ueda said that underlying inflation is gradually rising and is now very close to 2%. When questioned in the Diet on Tuesday, Kazuo Ueda said that the key is to stabilize the price increase near the Bank of Japan's 2% target. He said that in principle, long-term interest rates should be determined by the market. Japan will continue to closely monitor trends in the global bond market.

Bank of Japan Governor Kazuo Ueda said that underlying inflation is gradually rising and is now very close to 2%. When questioned in the Diet on Tuesday, Kazuo Ueda said that the key is to stabilize the price increase near the Bank of Japan's 2% target. He said that in principle, long-term interest rates should be determined by the market. Japan will continue to closely monitor trends in the global bond market.