Japan – BOJ more confident
The BOJ didn't change policy, but once again, sounded incrementally more confident, issuing a FY26 core inflation forecast of +2.1%. That outlook makes policy rates still near zero look very low.
![Japan – BOJ more confident](/content/images/size/w2000/2024/04/Japan--BOJ-inflation-forecasts-1.png)
The BOJ didn't change policy, but once again, sounded incrementally more confident, issuing a FY26 core inflation forecast of +2.1%. That outlook makes policy rates still near zero look very low.