- NEWS Desk Global
BOJ'S NEW POLICY APPROACH TAKES SHINE OFF ITS INFLATION FORECASTS
The Bank of Japan is transitioning to a more discretionary approach in setting monetary policy, with reduced emphasis on inflation, according to sources. This shift comes as the central bank charts its monetary course following the historic decision to terminate a radical stimulus program in March.
With monetary policy settings anticipated to remain unchanged, market participants are closely monitoring the BOJ's upcoming quarterly growth and price projections, scheduled for release at its policy meeting on April 25-26. These projections may provide insights into when the central bank might consider raising rates again. Although it is expected that the central bank will forecast inflation to hover around its 2% target until early 2027, such forecasts alone may not serve as strong indications of an imminent rate hike.