- Analytics
- News and Tools
- Market News
- BoJ Quarterly Outlook Report: Risk to inflation skewed to upside for fiscal 2023, 2024
BoJ Quarterly Outlook Report: Risk to inflation skewed to upside for fiscal 2023, 2024
The Bank of Japan’s (BoJ) published its quarterly outlook report, following its July policy meeting, with Reuters citing key highlights from the report.
Key takeaways
Risk to inflation skewed to upside for fiscal 2023, 2024.
Japan's economy is recovering moderately.
Inflation expectations showing signs of heightening again.
Japan's economy likely to continue recovering moderately.
Japan's economy to continue expanding above potential.
Wage growth has risen, signs of change have been seen in firms' wage, price-setting behaviour.
Inflation expectations have shown some upward movements again.
If upward movement in prices continue, effects of monetary easing will strengthen through decline in real interst rates.
Strictly capping long-term yields could affect bond market functioning, volatility in other markets.
Such effects are expected to be mitigated by conducting yield curve control with greater flexibility.
If downside risks to economy materialise, effects of monetary easing will be maintained through decline in long-term yields under yield curve control framework.
Board's core CPI fiscal 2023 median forecast at +2.5% vs +1.8% in April.
Board's core CPI fiscal 2024 median forecast at +1.9% vs +2.0% in April.
Board's core CPI fiscal 2025 median forecast at +1.6% vs +1.6% in April.
Board's real GDP median forecast for fiscal 2023 at +1.3% vs +1.4% in April.
Board's real GDP median forecast for fiscal 2024 at +1.2% vs +1.2% in April.
Board's real GDP median forecast for fiscal 2025 at +1.0% vs +1.0% in April.
Related reads
- Bank of Japan keeps interest rate and YCC policy steady in July
- USD/JPY rallies to 141.00 on BoJ status quo, focus on Ueda’s speech, Fed inflation
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
