Bank of Japan to Raise 2024 Inflation Outlook, Moving Closer to 2% Target

Bank of Japan expected to raise 2024 inflation outlook to 2% range at upcoming meeting

Would mean 3 consecutive years of inflation above BOJ's 2% target

BOJ seeking to guide economy to stable level of inflation around 2%

Move signals BOJ getting closer to goal of stable, sustainable price increases

Comes ahead of policy board meeting next week