BoJ says 2% inflation target has been met as it holds policy
Pause comes as central bank speeds up timeframe for ETF selloff from 112 years to 43
The Bank of Japan announced today (October 30) that its inflation target had been reached as it held policy and provided details of a plan to speed up reductions in its balance sheet.
In a statement, the BoJ said the decision to hold policy at 1.25% had been agreed by an 8–1 majority of its board members following a two-day meeting. The sole dissenting vote came from Hajime Takata, who called for the central bank to tighten policy to 1.5% in a continuation of the more hawkish position he had
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