The Bank of Japan is likely to retain its price projection of around 2 percent inflation in fiscal 2015 at its policy meeting Thursday, while maintaining its ultraeasy monetary policy to beat deflation, sources close to the matter said.
At the central bank's one-day policy meeting, the nine-member Policy Board is expected to discuss whether to raise the BOJ's economic growth projection for the next fiscal year starting April, given expectations that public investment will increase under the government's stimulus measures announced earlier this month.In its semiannual outlook report for the next three years to be released after the meeting, the BOJ is expected to largely maintain its view released in April and revised in July that core consumer prices, excluding fresh food, will rise 1.9 percent in fiscal 2015 excluding the impact of the planned sales tax in April.
Source: NewsOnJapan
Source: NewsOnJapan
