The Bank of Japan (BOJ) has revised upwards its growth targets for the economy and stuck to its view that the country is on track to achieve the bank’s 2 percent inflation target, the central bank said in its twice-yearly economic outlook Thursday.
The BOJ now expects the Japan’s economy to grow 1.5 percent in fiscal 2014, up from a previous target of a 13 percent expansion.
It kept its growth forecast for fiscal 2015 unchanged at 1.5 percent.
Earlier on Thursday, the BOJ made no changes to its monetary policy as widely expected, pledging to keep its massive stimulus launched in April to double the monetary base through asset purchases intact.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.