The Bank of Japan is prepared to adjust its monetary policy further if required to achieve the 2-percent inflation target, Deputy Governor Kikuo Iwata said on Thursday, reiterating the central bank's policy stance.
In s speech delivered at the Upper House Budget Committee, Iwata said that the central bank will continue to assess the risks to its economic and price outlook, and make necessary changes to meet the goal of hitting the price target.
According to Iwata, Japan's economy is on steady track towards achieving the 2 percent inflation target.
The policymaker noted that the economy will continue to recover modestly despite an anticipated fall in demand following next month's sales tax hike.
Japan's economy expanded at a below-forecast pace of 0.3 percent in the fourth quarter, unchanged from the third quarter's growth rate. GDP grew an annualized 1 percent during the three-month period.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.