boj minutes, 2024-01-23
They agreed that the year-on-year rate of increase in the CPI (all items less fresh food) was likely to be above 2 percent through fiscal 2024, due to factors such as the effects, albeit waning, of the pass-through to consumer prices of cost increases led by the past rise in import prices and the waning of the effects of the government's economic measures pushing down CPI inflation of the previous year; as for fiscal 2025, the rate of increase was projected to decelerate owing to dissipation of these factors.
Sentiment: neutral
Topic: mp_inflation