10/2, 2:14 AM (Source: TeleTrader)
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BOJ expects inflation to continue rising in 2024

The Bank of Japan disclosed on Monday that consumer prices are expected to rise throughout the whole next fiscal year in the country due to anticipated rises in shipping fees and charges for public services.

In the document summarizing policymakers' views from the September monetary meeting, central bank officials cautioned that the risks of upward movement in prices grew due to the persistent "pass-through" of cost increases to selling prices, yen's depreciation, and high crude oil prices.

"The recent high prices and, moreover, developments in foreign exchange rates and crude oil prices show a certain degree of risk that prices overall will not decline as much as expected and will deviate upward from the baseline scenario," the bank stressed.

Baha Breaking News (BBN) / AB