BOJ To Discuss Raising Fiscal 2024 Inflation Outlook Over 2%; Revision Would Mean 3 Consecutive Years Of CPI Increase Above Target
Portfolio Pulse from Benzinga Newsdesk
The Bank of Japan (BOJ) is expected to raise its consumer price index outlook for fiscal 2024 to the 2% growth range in its upcoming policy-setting board meeting. This would mean the rate of inflation will stay above the central bank's target of 2% for a third consecutive year.
October 27, 2023 | 3:28 pm
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The Bank of Japan's decision to raise its inflation outlook could impact the performance of the iShares MSCI Japan ETF (EWJ), which tracks the Japanese market.
The Bank of Japan's decision to raise its inflation outlook could lead to changes in the country's monetary policy, which could in turn affect the performance of the Japanese market and, by extension, the iShares MSCI Japan ETF (EWJ). However, the exact impact will depend on a variety of factors, including the market's reaction to the news and the specifics of any policy changes.
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