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The Bank of Japan raises its inflation forecast for fiscal year 2022

Summary:
To grow 0.9% from the previous year. An upward revision to the bank’s fiscal 2022 economic growth forecast of 2.9% will also be discussed reflecting higher crude oil prices and the yen’s weakness. The revision will be made in the quarterly Outlook for Economic Activity and Prices report to be released after the central bank’s next monetary policy meeting from Jan. 17. The BOJ currently expects the fiscal 2022 core consumer price index in view of economic stimulus measures decided by the government to reduce the impact of the coronavirus crisis. The core CPI in Tokyo’s 23 special wards for December last year rose 0.5% from a year before The Bank of Japan raises its inflation forecast for fiscal year 2022 Jiji PressTOKYO — The Bank of Japan is seen revising up its inflation forecast for

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to grow 0.9% from the previous year. An upward revision to the bank’s fiscal 2022 economic growth forecast of 2.9% will also be discussed reflecting higher crude oil prices and the yen’s weakness. The revision will be made in the quarterly Outlook for Economic Activity and Prices report to be released after the central bank’s next monetary policy meeting from Jan. 17. The BOJ currently expects the fiscal 2022 core consumer price index in view of economic stimulus measures decided by the government to reduce the impact of the coronavirus crisis. The core CPI in Tokyo’s 23 special wards for December last year rose 0.5% from a year before The Bank of Japan raises its inflation forecast for fiscal year 2022 Jiji PressTOKYO — The Bank of Japan is seen revising up its inflation forecast for fiscal 2022 from April a level unseen in 22 months excluding fresh food prices
Bank of Japan
The Bank of Japan (BOJ) also known as Nippon Ginko, is the central bank of Japan. The Bank is often called Nichigin for short. It has its headquarters in Chuo, Tokyo.

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