Growth Forecasts: Boj and Haruhiko Kuroda

growth forecasts: The decision was expected by almost all economists surveyed by Bloomberg, according to The Japan Times. The BOJ made a small increase to its growth forecasts for this fiscal year and next. The central bank will continue to use its two policy rates and asset purchases to spur prices higher, it said in a statement Thursday. While global demand is supporting exports and contributing to modest economic growth, four years of extraordinary monetary stimulus is generating only the smallest of increases in prices. Haruhiko Kuroda said last week that the accommodative policy and asset purchases will continue for some time because inflation is quite sluggish, underscoring how far the BOJ lags behind its counterparts in the U.S. and Europe. BOJ Gov. (news.financializer.com). As reported in the news.