The Zhitong Finance App learned that during the Asian midday trading session on Friday, the Bank of Japan followed the pace of monetary policy of the Federal Reserve and the European Central Bank and kept the benchmark interest rate unchanged. At the same time, the Bank of Japan stated for the first time in an official monetary policy statement that basic inflation had reached the 2% target. This milestone can be described as opening the door for a return to the interest rate hike process as soon as December and the normalization of future policy interest rate paths.

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