Updated

The Bank of Japan held interest rates steady and said underlying inflation has aligned with its 2% target, the first time it has made that assessment since setting the target in 2013. CNBC reported the decision on October 30, 2026. The declaration marks a milestone for a central bank that spent more than a decade trying to end deflation. It may shape expectations for the pace of future policy normalization and the yen, though the sources provided do not detail the market reaction.