TOKYO : The Bank of Japan is set to keep monetary policy settings steady on Thursday and project inflation to stay below its 2per cent target for at least two more years, reinforcing market bets it will lag other central banks in dialling back crisis-mode policies.
Analysts expect no major change to the BOJ's consumer inflation projection of 0.9per cent for fiscal 2022 and 1.0per cent for the following year, which would confirm price growth will stay well below the central bank's elusive 2per cent target. Japan's economy emerged from last year's coronavirus pandemic-induced doldrums as robust overseas demand propped up exports, offsetting some of the weakness in consumption.
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