BOJ Flags AI Demand as Sticky Inflationary Force

BOJ explicitly cites AI capex as a structural inflationary pressure, reinforcing hawkish bias. BOJ now sees inflation above target through 2028, with core-core CPI at 2.3-2.6% this fiscal year. Household balance sheets (deposits > debt) support rate hikes. This adds a new dimension to Japan's inflation outlook and global rate dynamics.