ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

BOJ lowers inflation forecast despite ultraeasy policy

2% inflation is seen beyond reach for Gov. Kuroda

TOKYO -- The Bank of Japan revised down its inflation projections for the current fiscal year to March 2022, as prices remain subdued after more than eight years of aggressive monetary easing under Gov. Haruhiko Kuroda.

Core inflation, which excludes prices of fresh food items, is projected at 0.1% for the current fiscal year, according to the median forecast of the central bank's nine policy board members. The projection was released in the BOJ's quarterly outlook report.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more