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Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstodayTOKYO - The Bank of Japan on Friday is set to project inflation will stay near its 2% target in coming years and signal its readiness to raise interest rates from near-zero, in hope of keeping yen bears from pushing the currency to fresh 34-year lows.
Ueda may feel pressure to join the government in warning traders against pushing down the currency too much, some analysts say. In a quarterly outlook report due after the meeting, the board is expected to project inflation - as measured by an index excluding fresh food and fuel costs - to stay near its 2% target through early 2027, sources have told Reuters.
Economists polled by Reuters are divided on the timing of the BOJ's next hike with some betting on action in the third quarter, while others project October-December or beyond.
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