BOJ reportedly may upgrade inflation forecast, hold rates steady at next week's meeting
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The Reuters report is citing four sources familiar with the BOJ's thinking, in saying that policymakers may slightly upgrade their inflation forecast for the fiscal year 2027 as rising oil prices continue to feed through to consumer prices. However, the central bank is still expe
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Lead — The Bank of Japan's recent meeting signals a potential shift in monetary policy, with members indicating that rate hikes could be on the table as soon as the next meeting. Per the full note [source], the BOJ's acknowledgment of rising inflation risks, particularly due to surging crude oil prices, suggests a hawkish pivot that may pressure Japanese government bond yields and the yen upward. This aligns with our view that the BOJ is increasingly constrained by inflationary pressures, which could lead to a reassessment of market expectations. As we approach the next meeting, traders should be prepared for potential volatility in JPY pairs.
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