Ueda told parliament on Friday that corporate price-setting behavior was showing changes that could work to push up inflation more than expected.
At a two-day policy meeting ending on June 16, the BOJ is likely to maintain its -0.1 percent short-term interest rate target and a 0 percent cap on the 10-year bond yield set under its yield curve control policy, the sources said.Reflecting soft U.S. and Chinese demand, the BOJ may offer a slightly bleaker view on exports and output than at the previous meeting in April, the sources said. In April, it said exports and output were moving sideways.
Core consumer inflation hit 3.4 percent in April as companies continued to hike prices, casting doubt on the BOJ’s view that inflation will slowly move back below 2 percent toward the latter half of the current fiscal year ending in March 2024.
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