Yomiuri press reports that the Bank is looking at higher material costs as a driver of higher CPI.
Yomiuri on BOJ forecasts:
- outlook for price trends for the fiscal 2022 is currently at 0.9%, will be raised to 1% or higher
The meeting on Jan 17 and 18 includes revisions to BOJ quarterly guidance on prices.
Bloomberg with the report (may be gated) .
Bank of Japan Governor Kuroda
