BOJ Likely to Raise Price Forecast by Notable Margin

The Bank of Japan is likely to consider notable changes in its inflation and growth forecasts later this month mainly due to soaring oil and commodity prices, gains that aren’t viewed as sustainable, according to people familiar with the matter.

The central bank will probably raise its projection for growth in key consumer prices to between around 1.5% and 1.9% for the year started this month, compared with a 1.1% forecast in January, according to the people.