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BOJ expected to forecast FY 2021 inflation will be under 2% target

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Christian Fernsby ▼ | April 25, 2019
Bank of Japan
Asia   The Bank of Japan began a two-day policy meeting

The Bank of Japan began a two-day policy meeting where it is expected to forecast that nationwide consumer price growth in fiscal 2021 will come in under its 2 percent inflation target amid uncertainty over the global economy.

The first price projection for the year ending in March 2022 will be contained in a quarterly report to be released following the meeting, which comes as the central bank is struggling to revive consumption and fulfill its 2013 pledge to achieve the price target.

Amid slow wage growth, prices in Japan remain tepid and core consumer prices, excluding fresh food items because of their volatility, only rose 0.8 percent in March from a year earlier.


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