Central Banks
BOJ Is Said to Mull Raising Inflation View on Strong Pay Deals
- Likely to consider FY2024 CPI above 2.4%, people familiar say
- Fiscal 2026 projection likely seen around 2%, people say
The Bank of Japan will likely consider raising its inflation forecast at a policy meeting later this month after surprisingly strong results from annual wage negotiations, according to people familiar with the matter.
The central bank will probably discuss revising up its projection for growth in consumer prices excluding fresh food from the current 2.4% for the fiscal year that started this month, the people said. In its first projection for the fiscal year from April 2026, the BOJ is likely to forecast inflation of around 2%, they added.