BOJ hopes to maintain 2% inflation target

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TOKYO — The Bank of Japan (BOJ) hopes to maintain its 2-percent inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on Saturday.

But Ueda said the BOJ will “monitor carefully” how the economic impact of climate change, as well as the fallout from government measures to promote the green transition, could affect inflation expectations.

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