BoJ board more optimistic on inflation forecast


Growth and inflation forecasts published today by the Bank of Japan (BoJ) show the policy board has become more bullish about Japan's prospects for higher growth and inflation, although a decision not to take further monetary easing measures appeared to disappoint markets.

The forecasts show the range of estimates by individual board members as well as giving a median value. Estimates of CPI inflation, ignoring the effects of a consumption tax hike that is excluded from the central bank's 2%

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