BlockBeats News, July 24th, according to sources, the Bank of Japan's key focus is shifting to whether businesses are passing on the ongoing cost pressures to households and will continue to warn at next week's policy meeting that inflation could stay above its 2% target for an extended period.
Sources said the Bank of Japan is expected to suggest that the short-term inflationary impact triggered by the rise in oil prices has eased since April, but overall price pressures still need to be monitored.
In addition, the Bank of Japan is likely to maintain its current policy guidance, which is to continue on the path of raising interest rates. The market anticipates that the Bank of Japan will assess the pace of future monetary policy adjustments based on wage growth, service prices, and corporate pricing behavior.
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