BOJ reportedly mulls raising price outlook for the current fiscal year

<p>The report says that the price outlook for the fiscal year 2023 is being considered to be revised higher to closer to 3%. Meanwhile, the Japanese central bank is said to discuss raising the price outlook for the fiscal year 2024 to 2% or above but to keep the outlook for the fiscal year 2025 at around 1.6%.</p><p>The yen is catching a bit of whipsaw on the headlines but this isn't anything new. It just confirms the story from last week here: <a href="https://www.forexlive.com/centralbank/boj-mulls-raising-fy-202324-core-cpi-target-to-3-from-25-forecast-in-july-report-20231010/" target="_blank" rel="follow">BOJ mulls raising FY 2023/24 core CPI target to ~3% from 2.5% forecast in July – report</a></p>

This article was written by Justin Low at www.forexlive.com.