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BOJ Raising Inflation Forecasts to 2% Target

Updated: Jan 1, 2023

The Bank of Japan is to raise its inflation forecasts in January close to 2% target in fiscal 2023. In fact, The BOJ shocked markets this month by widening its 10-year yield cap range and an exit from its loose monetary easing measurements.

The rise of the BOJ's inflation forecast would pave the way for such speculation as Governor Haruhiko Kuroda has said the central bank could discuss the exit if the achievement of its 2% inflation target becomes effective. Moreover, The BOJ will release the latest quarterly growth and price outlook after its next policy meeting on Jan. 17-18.


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