Bank of Japan could hike rates regardless of its inflation forecasts - report ...Middle East

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Bank of Japan could hike rates regardless of its inflation forecasts - report
Reuters is out with a Bank of Japan sources report that says there will be less of an emphasis on inflation. The report also says that the upcoming round of inflation forecasts won't hint at hikes.BOJ could hike rates regardless of its inflation forecasts, as long as it becomes more convinced than before that Japan will sustainably hit its price goal.BOJ expected to project inflation to stay around its 2% target through early 2027, but forecasts alone won't serve as strong hints of a near-term rate hike, say three sources familiar with its thinking."Various data must be scrutinised, not just the inflation outlook," one of the sources said, pointing to the importance of other indicators

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