Forex News April 15, 2022

 

Bank of Japan

The Bank of Japan is expected to raise its inflation forecast to near 2% while maintaining its easy policy stance, according to a report.

According to Reuters, citing sources familiar with the BOJ’s thinking

According to the report, the BOJ will raise its inflation forecast for the current fiscal year to near 2% later this month at its policy meeting, owing to a surge in global commodity prices, which has resulted in higher energy and food inflation.

However, the Japanese central bank will continue to emphasise the importance of maintaining ultra-loose monetary policy in order to aid the economy’s recovery from the pandemic.

According to sources, the BOJ will likely raise its core consumer inflation forecast to more than 1.5 percent from the current estimate of 1.1 percent.

China

China says it will conduct military drills around Taiwan today. This follows an unannounced visit to Taiwan by six US lawmakers.

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