Bank of Japan upgrades growth forecast, keeps money policy – Gulf Today

Bank of Japan upgrades growth forecast, keeps money policy – Gulf Today

Haruhiko Kuroda addresses a press conference of Bank of Japan in Tokyo.. The Bank of Japan (BOJ) on Tuesday upgraded its growth forecast for the world's third-biggest economy but kept its monetary policy unchanged.. The central bank said after a two-day policy gathering that it now expects 0.9 per cent expansion in the year to March 2021, an upgrade from a previous projection of 0.7 per cent.. The Bank of Japan nudged up its economic growth forecasts as the government's stimulus package and receding pessimism over the global outlook took some pressure off the central bank to top up stimulus.. "Japan's economy is likely to continue expanding moderately as a trend" as the impact of slowing global growth on domestic demand will be limited, the BOJ said in the quarterly report..