On Tuesday 18 January 2022, Bank of Japan raised its forecast for Inflation, by saying that the overall risks to the price outlook were balanced at an even level. It also agreed to signs showing broadening of recent rise in inflation, driven by commodities. But, since the inflation is supposed to remain under its stipulated 2% target over the coming years, it emphasized that it is committed to keep its ultra-loose monitory policy, although, its global counterparts are moving out of crisis-mode policies.

In a two-day meeting which ended on Tuesday, BOJ kept the short-term interest target at a-0.1% level, without changing them and made a promise to direct long-term rates around zero per cent.