BOJ's Uchida says the AI boom has been a "big positive demand shock" that eased financial conditions on balance — with the caveat of "a risk of correction if profits do not follow." He also flags heav

What happened: The Bank of Japan is considering concluding that Japan's underlying inflation rate has reached around 2%, sources said. The view could come as early as Oct. 30 in its quarterly Outlook report. Key numbers: Core CPI rose 1.7% year on year in August. The BOJ had said underlying inflation would reach 2% between the second half of fiscal 2026 and fiscal 2027. Why it matters: Gov. Kazuo Ueda said in September the underlying rate is more or less reaching 2%. The focus is whether it stabilizes there, as the BOJ sees risks it could slow again or rise faster than expected.

The Bank of Japan is considering concluding that Japan's underlying inflation rate has reached around 2%, sources said. The view could come as early as Oct. 30 in its quarterly Outlook report.

Gov. Kazuo Ueda said in September the underlying rate is more or less reaching 2%. The focus is whether it stabilizes there, as the BOJ sees risks it could slow again or rise faster than expected.