BOJ Quarterly Outlook Report: Developments in FX rates, international commodity prices seen as risk to prices

Must pay due attention to developments in financial, FX markets and their impact on Japan’s economy, prices.

On risks: developments in FX rates, international commodity prices seen as risk to prices.

On risks: in baseline scenario, it’s expected that global inflation rates will decline gradually and that overseas economies will continue to grow moderately.

On risks: vigilance against a wage-price spiral has heightened mainly in advanced economies.

On risks: there’s concern in global financial and capital markets over whether it’s possible to contain inflation and maintain economic growth simultaneously.