off-the-wire

BOJ considers lowering FY2024 inflation outlook to mid-2% range - Jiji

Kitco Media
By Reuters
Published:
Updated:
Reuters

TOKYO, Jan 11 (Reuters) - The Bank of Japan (BOJ) is considering lowering its inflation outlook for fiscal year 2024 to the mid-2% range in the upcoming quarterly forecast, Jiji news agency reported on Thursday.

The central bank's latest inflation outlook for the year starting April stands at 2.8%, in the last report released in October. Recent falls in crude oil prices would prompt the downgrade in the new report due on Jan. 23, Jiji said without citing a source.

BOJ Governor Kazuo Ueda has pledged to keep the central bank's ultra-loose monetary policy intact until wage increases become widespread enough to keep inflation sustainably around its 2% target.

Reporting by Kantaro Komiya; Editing by

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