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The Financial institution of Japan is contemplating revising its inflation outlook upward for the present fiscal yr to subsequent March, factoring in a bigger-than-expected affect from the yen’s sharp drop and better commodity costs, sources conversant in the matter stated Monday.
When the BOJ holds its common two-day coverage assembly subsequent week, it’ll doubtless forecast core shopper inflation to rise above 2.5% in fiscal 2022, up from 2.3% projected in July, the sources stated.
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