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Preview: BOJ may concede delay in hitting price goal, but hold off on easing

Reuters  |  TOKYO 

By Leika KiharaTOKYO (Reuters) - The Bank of Japan is set to raise its economic growth forecasts but cut its rosy inflation outlook next week, sources say, reinforcing expectations it will lag well behind major global central banks in dialing back its massive stimulus programme.The BOJ is expected to hold off from expanding stimulus at its two-day rate review ending next Thursday, as robust exports and private consumption heighten prospects of a moderate economic expansion.The central bank's nine-member board is split between those who expect a strengthening economy to start pushing up ...

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First Published: Fri, July 14 2017. 08:45 IST
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