BOJ grows concerned on energy-driven price surge – MNI
|Bank of Japan (BOJ) officials are likely to make upward revisions to their inflation forecasts and focus on the chances for wage hikes amid soaring energy costs, in the face of the Russia-Ukraine war, MNI reports, citing sources familiar with the BOJ thinking.
According to MNI, “the probability of a near-term 2% consumer price headline report around April has grown and the trend will get a hard look in the medium-term forecasts due that month that will likely raise the fiscal year inflation forecast from 1.1%.”
The BOJ board is set to meet on March 18 and will likely issue a warning on the economy.
Read: USD/JPY flirts with 115.00 amid fresh hopes of a pause in Ukraine-Russia war
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