As per three sources aware with the Bank of Japan's (BOJ) approach. The Bank of Japan is focusing more significance on inflation gauge which exclude oil prices

price gains are spreading more than previously expected. A pattern that could persist if wages increase sharply

The BOJ would likely increase its core-core inflation projections for the present financial year ending in Mar and fiscal 2023.


This would bring the estimate for core-core inflation close towards the BOJ's target.

Following a two day policy meeting which finishes on January 18, the BOJ will release the quarterly estimates.

Core consumer prices increased 3.7% compared to a year earlier in Nov, and economists forecast inflation to stay above the BOJ's 2% target in the months.