According to reports from Jinshi Data, three sources familiar with the Bank of Japan's thinking said that the Bank of Japan will consider raising its inflation forecast for the current fiscal year this month, reflecting the continued rise in rice and broader food prices.
Sources say that the Bank of Japan is expected to roughly maintain its inflation expectations for fiscal years 2026 and 2027, meaning the Bank of Japan will pause interest rate hikes and wait for clearer information on how U.S. tariffs will impact the economy.