Bank of Japan Considers Increasing Inflation Forecast Amid Rising Rice Costs and Yen Weakness

Reported 1 day ago

Bank of Japan officials are likely to discuss raising their inflation outlook in an upcoming policy meeting, driven by rising rice prices and a weaker yen. Current projections suggest an increase in underlying inflation to 2% this fiscal year, which aligns with their target, but any rate hike will depend on further assessment of economic conditions, including wage growth and U.S. policy uncertainties.

Source: YAHOO

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