Sources: BoJ to maintain inflation forecast in quarterly review due next week – Reuters

Dhwani Mehta FXStreet

Reuters quoted sources familiar with the Bank of Japan’s (BoJ) thinking, citing that the Japanese central bank will reiterate its view that inflation will reach its 2 percent target during the next fiscal year and stay near that level the following year when it published its new forecasts next week.

One of the sources said: “The economy is sustaining momentum for inflation to reach 2 percent. But the pick-up in inflation remains modest.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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