BoJ considering raising FY2023/24 core CPI estimate to near 3.0%

Dhwani Mehta FXStreet

Bank of Japan (BoJ) is considering raising the fiscal year (FY) 2023/24 core Consumer Price Index (CPI) estimate to near 3% from the 2.5% forecast in July, Kyodo news agency reported on Tuesday, citing some sources with knowledge of the matter.

Nothing further is reported about the same.

Market reaction

At the press time, USD/JPY is off the highs, still trading 0.16% higher on the day at 148.72.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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