In the latest outlook report for October last year, the BOJ noted the projection for prices for the fiscal year 2024 to be at around 2.7% to 3.1%. So, to have it be brought lower back to around the 2.5% mark is not exactly a good show of confidence that they are seeing inflation to be more sticky in the year ahead.
This all brings us back to this question here: Can the BOJ beat the inflation clock?
This article was written by Justin Low at www.forexlive.com. Source