Reuters out with the results from its latest poll, showing that a majority of the economists believe that the BOJ is likely to keep its price target steady at 2%, but could delay the timeline to reach its objective.
Key findings from the survey:
27 from 33 economists polled by Reuters between 6-17 July
BOJ to keep inflation target at 2% but will again push back the time when it will be reached
Inflation will accelerate gradually towards 1% later this year but will stall fall short both in fiscal year 2017 and 2018
BOJ to likely keep its 10year JBG yield target around 0% throughout next year but some expect the bank will raise it as far as 0.5% by later next year
BOJ's next move will be to pull back from ultra-easy policy say 31 from 37 economist, most say later next year or year after
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