Bank of Japan officials will likely raise their inflation forecast above 2% for this fiscal year at their July meeting, but their view for the following year is largely unchanged and may even be nudged down, according to people familiar with the matter. While the likely upgrade will reflect stronger-than-expected price growth this year, the forecasts will show inflation slowing in the year starting April 2024. The BOJ’s latest projection for next fiscal year is 2%. The bank will finalize its new price projections after assessing economic data and financial markets up to the last minute, the people said. The BOJ will ... (full story)