On October 1, the Bank of Japan announced a summary of opinions from the September 17-18 monetary policy meeting. According to the document, some members believe that Japan's economic activity and price trends are basically in line with expectations. The core consumer price index inflation rate is approaching the 2% price stability target. While the financial environment remains relaxed, it is suitable to raise policy interest rates and adjust the degree of monetary easing. Some members pointed out that Japan's economy is expected to continue to grow moderately. Increased global demand for artificial intelligence and government measures will support the economy, but the situation in the Middle East may bring downward pressure. Regarding prices, members of the committee believe that the mechanism of mutual promotion between wages and prices is being maintained, and the core CPI is expected to reach a level basically consistent with the 2% target from the second half of fiscal year 2026 to fiscal year 2027.

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