BOJ Says Underlying Inflation Has Reached Roughly 2%
The Bank of Japan said underlying inflation reached roughly 2%, the first time it has achieved that goal since 2013. The central bank described the milestone as a victory in its battle against deflation.
By Megumi FujikawaTOKYO--The Bank of Japan declared a major victory in its decades-long battle against deflation, paving the way for more interest-rate hikes.Underlying inflation has reached roughly 2%, the central bank said Friday. That's the first time it achieved that goal since 2013, when it si…