The Bank of Japan will likely trim this year's economic growth forecast in July but project inflation will stay around its 2% target in coming years, TOKYO (AP) — The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. “The
Inflation is likely to be at around 2 percent from fiscal 2025. ... is expected to increase gradually and then be at a level that is generally consistent with the price stability target of 2 percent. ... There remain high uncertainties surrounding Japan's economic activity and prices, including developments in overseas economic activity and ... JAPAN’S core inflation in October held above the central bank’s 2 per cent target and a key index stripping away the effect of fuel accelerated, data showed on Friday (Nov 22), keeping pressure on the
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