BOJ sees inflation moving around 3% in risk scenario
Mădălin Mihai
TOKYO, April 30 : The Bank of Japan saw core inflation hovering around 3 per cent, well above its 2 per cent target, for two years in a row under a risk scenario released on Thursday that assumed elevated oil prices and a weakening yen. Under the board's baseline scenario released on Tuesday, the BOJ said it expects the core consumer price index (CPI) to rise 2.8 per cent in the current fiscal year ending in March 2027 and by 2.3 per cent the following year. In a rare move, the central bank
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