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BOJ likely to raise CPI forecast to 2% range - report

Nikkei is out with a Bank of Japan scoop ahead of Tuesday's meeting and decision.The Bank of Japan is likely to raise its consumer price index outlook for fiscal 2024 (starting in March) to the 2% growth range at next week's meetingThe current forecast is 1.9%Today's Tokyo CPI data showed 3.3% y/y inflation and 2.7% ex-fresh food vs 2.5% expectedThe latest forecasts will take into account government subsidies for electricity and gasThe BOJ will also discuss yield curve control and revising itAll... Read More

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Posted: Oct 27 2023, 15:41

Author Name: forexlive

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