Underlying inflation rate remains below target, therefore we are maintaining accomodative monetary policyBoJ is pursuing an interest rate level that ensures a smooth landingMaintaining monetary policy too loose for too long carries risks from achieving the 2% target in a stable mannerAs a reminder, the BoJ left interest rates unchanged as expected at the last meeting with again twodissenters voting for a hike. There were no surprises but Governor Ueda focusingon spring wage negotiations suggested that the next hike could be delayed toJanuary or even March 2026. This article was written by Giuseppe Dellamotta at investinglive.com.