BoA have hiked their forecasts for Japanese inflation – core CPI above 2% through 2025

Yesterday we had Japanese firms forecasting above-target inflation out for 5 years:

BoA, too, has been busy raising their inflation forecasts for Japan. Core-core to stay above 2% through 2025 (core-core is the Japanese measure of CPI excluding fresh food and energy and is the closest to the US ‘core’ CPI measure)

  • BoJ core CPI forecasts (ex. energy) raised by 0.4ppt, to 2.6% YoY for 2024
  • and 2.1% for 2025

BoA had previously forecast the BoJ core CPI to fall below 2% in H2 of 2024

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