TOKYO -- The Bank of Japan is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2024, Nikkei has learned, a move that could provide grounds for a pivot away from ultraloose monetary policy.
The proposed changes would show the core consumer price index, or prices excluding fresh food, rising around 3% in fiscal 2022, at least 1.6% but less than 2% in fiscal 2023, and nearly 2% in fiscal 2024, people familiar with discussions at the BOJ said.
