BOJ holds rates as inflation aligns with 2% target for first time since 2013

AI Summary

The Bank of Japan held interest rates and said underlying inflation has reached its 2% target for the first time since the target was set in 2013. The assessment marks a notable shift in the central bank's view of inflation.

The BOJ declared that its underlying inflation target of 2% has been met, the first time the central bank has done so since it set the target in 2013.