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Story summary
- Bank of Japan may raise its fiscal 2027 inflation outlook as oil prices spike.
- Bank of Japan kept its policy rate at a 31-year high of 1% after last month’s rise.
- Sources say a further rate hike could occur as early as December if price pressures increase.
- Governor Kazuo Ueda warned inflation near 2% could overshoot its target because of yen weakness and AI demand.
