# BOJ's Ueda warns inflation can't rise further

> Bank of Japan chief says inflation nears 2% target, must not rise.
- Title: BOJ's Ueda warns inflation can't rise further · Nikkei Asia
- Summary: Bank of Japan chief says inflation nears 2% target, must not rise. Bank of Japan governor Kazuo Ueda states underlying inflation is close to 2% target and…
- Keywords: bank of japan, kazuo ueda, inflation, central bank, 2 percent target, boj meeting, news, business, world, BOJ's, Ueda, warns
- Source: Nikkei Asia — https://asia.nikkei.com/economy/bank-of-japan/boj-s-ueda-says-inflation-can-t-be-allowed-to-rise-further
- Published: 2026-10-16T13:46:49+00:00
- Read time: 1 min
- Topics: bank of japan, kazuo ueda, inflation, central bank, 2 percent target, boj meeting, news, business, world
## Ueda on inflation target
Bank of Japan governor Kazuo Ueda says underlying inflation is already quite close to the central bank's 2% target.

> we cannot tolerate it rising any further
## Ueda avoids rate hints
Japanese central bank chief avoids dropping hints about October meeting.
## G20 discussions
Group of 20 officials discussed the Middle East conflict and artificial intelligence boom impact on economic growth and prices.
## Key takeaway

Bank of Japan governor Kazuo Ueda states underlying inflation is close to 2% target and cannot rise further.