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MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

(MNI) Tokyo
(MNI) TOKYO

The Bank of Japan board expects the core consumer price index and core-core CPI in fiscal 2026 to rise 1.9% and 2.1%, unchanged from the previous forecast made in April, according to the Bank's latest Outlook Report.

However, the BOJ noted significant upside risk to prices exists in FY2024 and 2025. The board’s forecast for core CPI in FY2025 was revised up to 2.1% from April’s 1.9% and the price view this fiscal year was revised down to 2.4% from 2.8% made in April.

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The Bank of Japan board expects the core consumer price index and core-core CPI in fiscal 2026 to rise 1.9% and 2.1%, unchanged from the previous forecast made in April, according to the Bank's latest Outlook Report.

However, the BOJ noted significant upside risk to prices exists in FY2024 and 2025. The board’s forecast for core CPI in FY2025 was revised up to 2.1% from April’s 1.9% and the price view this fiscal year was revised down to 2.4% from 2.8% made in April.

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