TOKYO : The Bank of Japan must be mindful of the risk that inflation could speed up sooner than anticipated if uncooked materials prices proceed to spike and immediate extra corporations to lift costs, the central bank mentioned in a report on Wednesday.
For now, the cross-by of rising uncooked materials prices to shoppers has been targeted on meals merchandise and isn’t spreading to a broader vary of objects, the BOJ mentioned in a full model of its quarterly outlook report.
The abstract of the quarterly report was launched after the bank’s coverage assembly that ended on Tuesday.
(Reporting by Leika Kihara; Editing by Muralikumar Anantharaman)
