BOJ to consider revising up inflation forecast at July meeting, sources say

From channelnewsasia.com

The Bank of Japan will consider revising up this month its inflation forecast for the current fiscal year reflecting persistent rises in rice and broader food costs, said three sources familiar with its thinking. But the central bank is seen roughly maintaining its inflation forecasts for fiscal 2026 and 2027, the sources said, signaling a pause in interest rate hikes as it awaits more clarity on how U.S. tariffs could affect the economy. "Recent inflation data has been fairly strong particularly due to the rising cost of rice, which is pushing up other prices such as those for dine-outs," one of the sources ... (full story)