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MNI BRIEF: BOJ Keeps FY24 Core-Core CPI View At 1.9%

(MNI) Tokyo
(MNI) TOKYO

The Bank of Japan board doubts it can achieve the 2% price target within its projection period to March 2026, however, it indicated the 2% price stability target may come into sight around April, the BOJ's Outlook Report showed Tuesday.

The Bank revised down its core-CPI view in fiscal 2024 to 2.4% from October’s 2.8% following the drop in crude oil prices, but it left its fiscal 2024 core-core CPI projection at October’s 1.9%.

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The Bank of Japan board doubts it can achieve the 2% price target within its projection period to March 2026, however, it indicated the 2% price stability target may come into sight around April, the BOJ's Outlook Report showed Tuesday.

The Bank revised down its core-CPI view in fiscal 2024 to 2.4% from October’s 2.8% following the drop in crude oil prices, but it left its fiscal 2024 core-core CPI projection at October’s 1.9%.

Keep reading...Show less