# Bank of Japan Governor Ueda on Inflation Near 2%

> Bank of Japan Governor Ueda says underlying inflation nears 2% as stabilizing prices becomes key priority.
- Title: Bank of Japan Governor Ueda on Inflation Near 2% | Shortify
- Summary: Bank of Japan Governor Ueda says underlying inflation nears 2% as stabilizing prices becomes key priority. Bank of Japan Governor Ueda states underlying…
- Keywords: bank of japan, kazuo ueda, underlying inflation rate, cost-push inflation, demand-pull inflation, artificial intelligence, labor market, finance, markets, Bank, Japan, Governor
- Source: BigGo Finance — https://finance.biggo.com/news/68abc325-ea0e-4217-a40a-a900731be5bd
- Author: BigGo Finance
- Published: 2026-10-19T02:25:26+00:00
- Read time: 1 min
- Topics: bank of japan, kazuo ueda, underlying inflation rate, cost-push inflation, demand-pull inflation, artificial intelligence, labor market, finance, markets
## Bank of Japan Governor Ueda
Bank of Japan Governor Kazuo Ueda told the House of Councillors Budget Committee underlying inflation rate has come quite close to 2%.

> has come quite close to 2% at present
## Inflation Stabilization Focus
Ueda says stabilizing inflation around 2% is now more important than reaching the target.

> We are now in a phase where the perspective of stabilizing prices at around 2% is more important
## Inflation Types
Ueda states current inflation is hard to distinguish between cost-push and demand-pull factors.

> Generally speaking, it is quite difficult to clearly distinguish between the two
## Energy and AI Impact
Middle East energy prices and AI demand are pushing up inflation through cost and demand factors.

> rising energy and raw material prices due to the Middle East situation can be regarded as cost-push inflation
## Wage and Price Pass-Through
Tight labor market and moderate economic recovery continue wage increases to prices.

> firms continue to pass wage increases through to prices
## Key takeaway

Bank of Japan Governor Ueda states underlying inflation has approached 2% and stabilizing prices around that level is now the priority.