The Bank of Japan is reportedly considering raising its inflation forecast for this month
2024-04-09 09:35:03
On April 9th, insiders said that after the unexpectedly strong results of annual salary negotiations, the Bank of Japan may consider raising inflation expectations at its policy meeting later this month. In its first forecast for fiscal year 2024, the Bank of Japan may discuss raising its CPI forecast for fiscal year 2026, which does not include fresh food, to 2.4%. In addition, the Bank of Japan may raise its overall CPI forecast for fiscal year 2026 to approximately 2%, and may also consider raising its inflation forecast for fiscal year 2024, which does not include energy prices, to 2% or higher. Officials believe that the increase in personnel costs caused by salary increases is one of the factors driving future price increases. Although expectations have been raised, officials have stated that they also need to be vigilant about the potential downside risks of inflation when predicting the 2026 fiscal year.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
