Bank of Japan Governor Kazuo Ueda stressed that the current path of prices is consistent with the central bank's 2% inflation target.
Speaking at a press conference after the BOJ decided to keep interest rates unchanged, Ueda said inflation expectations are hovering around 2%.
He noted that price trends are expected to remain near the target level.
Ueda also said there is a risk that inflation could exceed 2%.
Note: The Bank of Japan kept interest rates unchanged and said the inflation trend has reached its target.
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