• SHARE

At the conclusion of a monetary policy meeting on Wednesday, the Bank of Japan downgraded inflation and economic growth forecasts through fiscal 2020, putting its 2 percent inflation target well out of reach for the foreseeable future.

In the short term, the central bank also predicted that inflation for the current fiscal year would only rise by 0.9 percent, a downward revision of 0.2 points from its July forecast.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)