BoJ’s Shirai forecasts inflation dip

Policy board member doubts baseline scenario

sayuri-shirai

Sayuri Shirai believes inflation will only reach the Bank of Japan's (BoJ) 2% inflation target towards the end of 2016 – later than the central bank's baseline forecast.

Speaking today with business leaders in Okinawa, Shirai, a BoJ policy board member, said she believes that annual CPI inflation – currently around 1.25% – will "decelerate" in the coming months as energy prices fall, though it "should remain at above 1%".

It will then pick up again in the last quarter of the year, and slowly

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