Bank of Japan sees improvements in economy but warns on inflation expectations
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The Bank of Japan kept policy on hold, raised its growth projections, but warned that its 2 per cent inflation target remained elusive.
PHOTO: EPA
TOKYO (REUTERS) - Bank of Japan board members saw improvements in exports, consumer spending and capital expenditure but warned that it may take time for inflation expectations to pick up, a summary of opinions from their Jan 30-31 meeting showed on Wednesday (Feb 8).
"Since the second half of 2016, Japan's economic recovery has strengthened," one of the nine board members was quoted as saying. "Positive synergy effects are being produced by improvement in overseas economies, economic stimulus measures by the government, and enhanced monetary easing."
At the policy meeting, the BOJ kept policy on hold, raised its growth projections, but warned that its 2 per cent inflation target remained elusive.
