Skip to main content

Bank of Japan revises inflation projection for first time since 2014

Marcel Thieliant, senior Japan economist at Capital Economics, said in a note after the announcement: “We are even more pessimistic than the bank about the medium-term outlook for inflation. “Tightening in those circumstances would make a complete mockery of the 2 per cent inflation target and we’re sticking to our view that the bank will keep interest rates low for the foreseeable future.”