Japan central bank keeps rates steady, will pick up pace of ETF disposal Bank of Japan Gov. Kazuo Ueda, speaking at a news conference on Oct. 30, says the bank's 2% inflation target has been achieved, but not yet on a stable basis. (Photo by Hazumu Urushiyama) TOKYO -- Bank of Japan Gov. Kazuo Ueda on Friday emphasized that while underlying inflation is broadly consistent with 2%, the central bank does not believe its price stability goal has yet been achieved sustainably and stably.