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The Bank of Japan is considering raising its core consumer price index (CPI) target for fiscal 2023/24 to around 3% from the 2.5% forecast in July, Kyodo News reported on Tuesday, citing people familiar with the matter.
There are no further reports.
Market Reaction
At press time, USD/JPY was off its highs and was still up 0.16% on the day at 148.72.
