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Citing sources with direct knowledge of the matter, Reuters recently reported that the Bank of Japan was likely to revise its inflation forecast to say that it was now expected to fall short of its 2% target through the year ending in March 2022.

Key quotes

  • Likely to project inflation in fiscal 2021 to move above 1.5pct but fall short of 2pct.
  • May slightly cut economic growth, inflation forecasts for fiscal 2019.