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Economy

Bank of Japan seen bullish on GDP after eventful 2016

Signs good for upgrade in growth outlook, less strong for prices

Bank of Japan Gov. Haruhiko Kuroda.

TOKYO -- The Bank of Japan is poised to upgrade its three-year economic growth outlook in the final days of January in light of strong recent indicators, though stronger inflation forecasts will be a harder sell.

The central bank will compile its quarterly outlook on economic activity and prices at a two-day policy meeting beginning Monday. The report will outline the BOJ's forecast for each of the three years through fiscal 2018,

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