BOJ raises inflation forecasts, maintains ultra-easy policy

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TOKYO (Jan 18): The Bank of Japan upgraded its inflation forecasts on Tuesday and said risks to the price outlook were evenly balanced, in a nod to signs the recent commodity-driven rise in inflation was broadening.But with inflation set to remain below its 2% target in the coming years, the BOJ stressed its resolve to maintain its ultra-loose monetary policy even as its global counterparts move toward exiting from crisis-mode policies.As widely expected, the BOJ left unchanged a -0.1%