BOJ to broadly keep forecast of inflation staying close to goal in coming years – report

That is associated to the quarterly financial outlook report due this month, with the information yesterday right here: BOJ reportedly considers lowering price outlook for fiscal year 2024 to middle 2% range

The sources cited on this report say that the BOJ is prone to minimize its core inflation forecast for the fiscal 12 months 2024 (at present 2.8%) amid the latest decline in oil costs. That matches with the linked story from above yesterday. Nonetheless, policymakers should not prone to make any main adjustments to their “core core” inflation forecast – anticipated to stay round 1.9% for each fiscal 12 months 2024 and 2025.

One of many sources mentioned that “the broad uptrend in inflation and wages remains intact”, with one other stating that “consumption is holding up and there’s growing conviction that wage hikes will continue, and even broaden, this year”.