BOJ to predict weak inflation, pledge prolonged stimulus as COVID pain persists

Japan’s central bank is expected to maintain its massive stimulus on Tuesday and project inflation missing its 2% target for years to come, as fresh curbs to combat a spike in COVID-19 cases overshadow the boost to growth from solid global demand. Japan declared a third, two-week state of emergency for Tokyo, Osaka and two other prefectures to contain the pandemic, clouding prospects for a fragile economic recovery. In a quarterly report due after its two-day policy meeting ending on Tuesday, the Bank of Japan is expected to stick to its view the world’s third-largest economy is headed for a moderate recovery as … (full story)

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