Bank of Japan to Reevaluate Inflation Forecasts Following Recent Wage Negotiations
Tuesday, 9 April 2024, 09:38
BoJ's Potential Inflation Adjustment
Bloomberg reports that the BoJ is considering revising inflation forecasts following successful wage negotiations in Japan. Core CPI may see an increase, bringing price growth projections close to 2%.
Downside Risks and Fiscal Projections
The report highlights the need for awareness of downside risks to inflation when analyzing fiscal projections for 2026.
Market Reaction and BoJ's Influence
The article notes a slight downside movement in USDJPY post-announcement, with markets questioning the BoJ's motives amidst their reputation for mixed communications.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.