Reuters reports that Japanese policymakers reaffirmed the Bank of Japan's (BOJ) commitment to its 2% inflation target in a meeting held between the central bank chief and the country's economy and finance ministers.
The Japanese government and the central bank also agreed to keep in close contact and cooperation.
Prior to the meeting, there had been some market speculation that the government and the BOJ may review the joint statement and the 2% inflation goal, given stubbornly weak prices have made the target elusive.
"The most important issue was to reaffirm the joint statement," Economy Minister Daishiro Yamagiwa told reporters after the meeting.
"The government and the BOJ must keep close contact with each other. The BOJ aims to achieve the 2% price stability target while we proceed with economic growth strategy."