Reply To: Traders Market Weekly: America on Show; Big Oil, Apple, FOMC and Boeing

#70657
Truman
Participant

Japan
The Bank of Japan did not make any policy changes, though it did lower its forecast for core CPI for fiscal 2024 to 2.4% from 2.8% while the outlook for fiscal 2025 was increased to 1.8% from 1.7%.

Bank of Japan Maintains Status Quo, Core Inflation Forecasts Trimmed

Former BoJ chief economist reportedly expects that negative rate policy will be ended in either March or April.

December BoJ Core CPI 2.6% yr/yr (expected 2.8%; last 2.7%)