The BoJ is said to be considering a sharp increase to its price forecast this month, while weighing a possible growth outlook cut due to high oil prices, Bloomberg reports
- Views are reportedly split over Middle East-related caution and upside price risks, with a final decision likely to depend on risks assessed up to the last minute.
Context
The Bank of Japan's potential sharp increase in its price forecast could indicate a shift towards a more hawkish stance, especially if inflationary pressures are attributed to high oil prices. This diverging outlook on growth may impact the USD/JPY exchange rate and broader market sentiment, given the delicate balance between curbing inflation and supporting economic growth.
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