BOJ will likely project inflation will stay around its 2% target in coming years

Reuters citing unnamed sources on what to expect from the Bank of Japan at its meeting this month

• will likely trim this year’s economic growth forecast
• project inflation will stay around its 2% target in coming years
• will likely make no big changes to its fiscal 2025 and 2026 GDP forecasts, and stick to its view that the economy remains on track for a moderate recovery

Reuters add:

• keeping alive the chance of an interest rate hike this month

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The BoJ bank will release fresh quarterly growth and price forecasts at its July 30/31 meeting.

This article was written by Eamonn Sheridan at www.forexlive.com.