Free Trial
EURGBP TECHS

Corrective Pullback

OPTIONS

Larger FX Option Pipeline

GBPUSD TECHS

Primary Trend Remains Down

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) Tokyo
TOKYO (MNI)

The Bank of Japan is considering including recently lowered mobile phone charges in its forecast of the consumer price index after aggregating forecasts of individual board members based on staff estimates but it will make clear that any impact will be temporary and sectoral, MNI understands.

The BOJ is of the view that lower phone charges will increase real purchasing power. Bank officials don't expect the reductions to change inflation expectations or the underlying CPI trend although they will be monitoring the impact closely. The BOJ board's median inflation forecast this fiscal year is expected to be revised down slightly from +0.5% in January.

The government hasn't disclosed how lower mobile phone charges will be reflected in CPI. The reduced fees, which took effect in April, will be incorporated into Tokyo CPI, which is due April 30 after the BOJ meeting on April 26-27 and its outlook report.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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.