The Bank of Japan (BOJ) is expected to raise its forecast for FY 2021-2022 inflation at its January 17 and 18 monetary policy meeting, the Yomiuri newspaper reported over the weekend.
Key takeaways
“The central bank’s outlook for price trends for fiscal 2022, currently at 0.9%, will be raised to 1% or higher.”
“The possible revision is due mainly to the supply-chain disruptions triggered by the Covid-19 pandemic.”
“The BOJ is likely to decide on continuing the current easing measures.”’
Market reaction
USD/JPY is trading in a narrow range of around 115.60, up 0.06% on the day.
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USD/JPY remains sluggish around 115.50 amid Japan’s off
