MNI BRIEF: BOJ Maintains Econ, Inflation View Assessment

The Bank of Japan board on Friday largely maintained its assessment on the overall economy and major economic components, including the assessment on inflation expectations, a statement released by the BOJ showed.

“Japan’s economy has recovered moderately, although some weakness has been seen in part,” the statement said. “Japan’s economy is likely to keep growing at a pace above its potential growth rate."

“Underlying CPI inflation is expected to increase gradually, since it is projected that the output gap will improve and that medium- to long-term inflation expectations will rise with a virtuous cycle between wages and prices continuing to intensify."