The Bank of Japan may consider raising its economic growth forecast for the fiscal year ending next March at its policy meeting this month, according to sources cited by Odaily. The current projection stands at 0.5% growth. The same sources said the central bank is also expected to keep its policy interest rate unchanged. Officials are also set to review their assessment that economic risks are "skewed to the downside." A final decision on policy and the economic outlook will be made after policymakers examine all available data and information up to the last moment, the sources said. The report points to a meeting in which the BOJ could adjust its view on growth and risk while holding borrowing costs steady.
According to sources cited by Odaily, the Bank of Japan may consider raising its economic growth forecast for the fiscal year ending next March at its policy meeting this month. The current forecast is for 0.5% growth, while the policy interest rate is expected to remain unchanged.
The sources said officials will also consider revising their assessment that economic risks are "skewed to the downside." A final decision on policy and the economic outlook will be made after reviewing all available data and information up to the last moment.
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