Sources say Bank of Japan to consider raising inflation outlook at July meeting

According to a report by Jinse Finance, three sources familiar with the Bank of Japan's thinking revealed that the central bank will consider raising its inflation forecast for the current fiscal year this month, reflecting the continued rise in rice and broader food prices. However, the sources said the Bank of Japan is expected to largely maintain its inflation outlook for fiscal years 2026 and 2027, indicating that the central bank will pause interest rate hikes and wait for clearer information on how U.S. tariffs will impact the economy.