Japan's government expects the CPI to track around 1.5% in Fiscal year 2024

<p>Japan
govt spokesperson: </p><ul><li>hope BOJ coordinate with govt on economic policy,
take steps based on understanding agreed upon between govt-BOJ joint
statement</li><li>
we
will do our utmost to ensure japan achieves positive wage, inflation
cycle
</li><li>specific
monetary policy up to BOJ to decide</li><li>when
excluding one-off factors from govt utility subsidies, govt expects
Japan's consumer inflation to move around 1.5% in fiscal 2024</li></ul><p>On Friday we had CPI data from Japan showing all 3 main measures remain above the BOJ 2% target:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-japans-june-cpi-rates-remained-elevated-above-target-20230721/" target="_blank" rel="follow" data-article-link="true">ForexLive Asia-Pacific FX news wrap: Japan’s June CPI rates remained elevated above target</a></li></ul><p>The government spokesman here is on board with the 'transitory' opinion. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.