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MNI BRIEF: BOJ Keeps FY23 CPI At 1.6%, Ups FY24 CPI To 1.8%

(MNI) Tokyo
(MNI) Tokyo

The Bank of Japan board left the median forecast for the core consumer price index in fiscal 2023 unchanged at 1.6% but upgraded its forecast for core CPI in fiscal 2024 to 1.8% from 1.6% made in October, the BOJ’s Outlook Report released Wednesday showed.

The updated inflation view will justify the BOJ to maintain its easy policy as the achievement of 2% price target in a stable and sustainable manner hasn't come into sight.

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The Bank of Japan board left the median forecast for the core consumer price index in fiscal 2023 unchanged at 1.6% but upgraded its forecast for core CPI in fiscal 2024 to 1.8% from 1.6% made in October, the BOJ’s Outlook Report released Wednesday showed.

The updated inflation view will justify the BOJ to maintain its easy policy as the achievement of 2% price target in a stable and sustainable manner hasn't come into sight.