BOJ held rates as underlying inflation aligns with its 2% target for the first time since 2013. The exit debate is live again: yen and JGB yields are the tape to watch, and carry trades stay vulnerabl

What happened: The BOJ held rates and declared its underlying 2% inflation target has been met, the first time it has done so since setting the target in 2013. Why it matters: The declaration marks the first official confirmation since 2013 that underlying inflation has reached the target, a shift in the central bank's assessment of price trends. Key numbers: 2% inflation target; target set in 2013. Coverage: 4 outlets in 24h

The BOJ held rates and declared its underlying 2% inflation target has been met, the first time it has done so since setting the target in 2013.

The declaration marks the first official confirmation since 2013 that underlying inflation has reached the target, a shift in the central bank's assessment of price trends. Key numbers: 2% inflation target; target set in 2013.