BOJ Says It Has Reached First Goal of Lifting Inflation Near 2%
A BOJ account says policymakers view the bank’s goal of lifting inflation from near zero to around 2% as achieved, while price rises still need to be anchored amid high energy costs. Japan’s Q3 GDP is forecast to be nearly flat, with bad weather damping consumer spending.
Q3 GDP Forecast to Be Nearly Flat with Slight Growth as Bad Weather Dampened Consumer Spending, Net Exports Likely Posted Technical Slip After Q2 Import Plunge(MaceNews) — Bank of Japan policymakers have declared that the bank’s goal set more than a decade ago to lift near zero inflation to a sta…