BOJ reportedly mulls raising price outlook for the current fiscal year

The report says that the price outlook for the fiscal year 2023 is being considered to be revised higher to closer to 3%. Meanwhile, the Japanese central bank is said to discuss raising the price outlook for the fiscal year 2024 to 2% or above but to keep the outlook for the fiscal year 2025 at around 1.6%.

The yen is catching a bit of whipsaw on the headlines but this isn’t anything new. It just confirms the story from last week here: BOJ mulls raising FY 2023/24 core CPI target to ~3% from 2.5% forecast in July – report