[Deputy Governor of the Bank of Japan: The underlying inflation rate is quite close to the Bank of Japan’s 2% target] On October 21, Bank of Japan Deputy Governor Himimo Ryozo said that strong demand for artificial intelligence has promoted the growth of capital expenditures and exports. The underlying inflation rate is already quite close to the Bank of Japan's 2% target, and it is expected that underlying inflation will approach a level consistent with the Bank of Japan's target. Medium- and long-term inflation expectations continue to rise. Financial conditions remain accommodative. Real interest rates remain low and bank loans are growing rapidly. Delaying policy adjustments could risk inflation and harm the economy. The risk of rising prices is high. Achieving price stability through appropriate monetary policy will help Japan achieve sustainable growth.