Free Trial
US TSYS

CORRECT: Firmer Still

JGBS AUCTION

Japanese MOF sells Y4.52898tn 3-Month Bills:

USD

Recession Worry Intensifies

US TSYS

Firmer Still

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: BOJ Raises FY Inflation View To 1.9%, Lowers GDP

(MNI) Tokyo
TOKYO (MNI)

The Bank of Japan board on Thursday upgraded its forecast for core consumer prices this fiscal year to +1.9% from +1.1% in January but lowered the real economic growth forecast to +2.9% from +3.8%, the Outlook Report released on Thursday showed.

The higher inflation view in the fiscal year started April 1, is due mainly to the fading impact of lower mobile phone charges in or after April and higher crude oil prices after the January meeting.

Keep reading...Show less
139 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Bank of Japan board on Thursday upgraded its forecast for core consumer prices this fiscal year to +1.9% from +1.1% in January but lowered the real economic growth forecast to +2.9% from +3.8%, the Outlook Report released on Thursday showed.

The higher inflation view in the fiscal year started April 1, is due mainly to the fading impact of lower mobile phone charges in or after April and higher crude oil prices after the January meeting.

Keep reading...Show less