Surveillance: BOJ Jolt with BNY Mellon's Yu
Bloomberg Surveillance
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The Tortoise in the Hair
The Bank of Japan raised its 2023 inflation forecast, but there was no upward revision to call CPI in 24 or 25. They're in lies of reason for continued caution from the Bank of Japan. If further progress is made in reviving domestically driven inflation, the BOJ will act again - but they are clearly in no rush.
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