Reuters reported, quoting the Jiji news agency, that the ´´Bank of Japan is considering a projection for consumer prices for the 2025 fiscal year to rise 1.6-1.9% in a move seen to keep market players from betting on the central bank to head to exit from stimulus.´´

Such a forecast diminishes the prospects of a tweak to the yield curve control policy that is in place to sustainably achieve the 2% inflation target whereby Kazuo Ueda has predicted the CPI growth will slow below 2% around the middle of this fiscal year as base effects fade away.