BOJ Is Said to Mull Raising Price Outlook Sharply on Oil

Bank of Japan officials are likely to consider raising their inflation forecast sharply at their policy meeting this month, mainly to reflect elevated oil prices, according to people familiar with the matter.

The BOJ’s board will likely discuss lifting its key price projection for this fiscal year from the current 1.9% after oil prices surged roughly 50% since the outbreak of the US-Iran war, the people said.