Economics
BOJ Is Likely to Raise Price Forecast, Ex-Chief Economist Says
- Kameda expects upward revision for FY22 in July outlook report
- Doesn’t see imminent policy shift from the central bank
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Japan’s inflation will be stronger and will last for longer than the Bank of Japan expects now, making an upward revision of its price outlook likely later this month, according to a former chief economist at the bank.
“Inflation is going to clearly top 2% this year,” said Seisaku Kameda, who led the compilation of the most recent quarterly forecast in April. “The rapid weakening of the yen is obviously a huge factor.”