BOJ to debate rate rise, inflation much closer to 2% target: governor

ASHEVILLE, North Carolina - Bank of Japan chief Kazuo Ueda said Tuesday that underlying inflation in Japan is nearing the central bank's 2 percent price stability target, adding that its Policy Board will debate whether to raise interest rates at its next meeting in mid-September.

At a press conference after a meeting of the Group of 20 finance chiefs in North Carolina, Ueda said the BOJ will evaluate upside risks to inflation in guiding monetary policy.