The Bank of Japan's 1 October 2026 Summary of Opinions says Japan's economy is expected to keep growing moderately, while policymakers continue to watch upside risks to inflation and the case for further policy adjustment.
Minutes from the Bank of Japan's 30–31 July 2026 meeting show members agreed that further policy-rate increases would be appropriate if economic activity and prices develop in line with the Bank's outlook.
In the ECB's July 2026 Consumer Expectations Survey, median household inflation expectations were 2.9% for the next 12 months, 2.7% three years ahead and 2.4% five years ahead.
Minutes from the Federal Reserve's 28–29 July 2026 meeting show the FOMC maintained its target interest-rate range at 3.5%–3.75% and approved the statement by a 9–3 vote.
The Bank of Japan expects real GDP to grow 0.6% and CPI inflation excluding fresh food to be 2.5% in fiscal 2026, while signalling further policy-rate rises as conditions evolve.
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