The Bank of Japan said inflation expectations have risen moderately, requiring an adjustment in the degree of monetary support needed to sustainably achieve its price target. It confirmed that interest rates will continue to rise in line with economic developments, price trends and financial conditions. The stance reflects the BOJ's ongoing move away from ultra-loose monetary accommodation, or policies designed to keep borrowing costs exceptionally low, as it seeks to stabilize prices. Future rate decisions will depend on incoming data covering Japan's economic performance and broader financial stability.