[Insider: Bank of Japan May Significantly Raise Inflation Forecast Due to Rising Oil Prices] Jin10 Data, April 14—According to insiders, the Bank of Japan may significantly raise its inflation forecast at this month's meeting due to the impact of rising oil prices. Since the outbreak of the U.S.-Iran war, oil prices have risen by approximately 50%, and the Bank of Japan may increase its core price forecast for this fiscal year from 1.9%. Given the uncertainty surrounding the Middle East situation, which is unlikely to be resolved in the short term, officials may also lower economic growth forecasts. The Bank of Japan will announce its interest rate decision on April 28, along with an updated economic outlook. Insiders stated that there is currently a view that now is not the time to fuel speculation about rate hikes, as the Middle East situation remains uncertain. At the same time, there is also a view that the Bank of Japan needs to push forward with rate hikes to address the risk of rising inflation. This suggests that the policy committee may face greater divisions at this month's meeting.