I'll have more 'what took them so long?' details coming up
Bloomberg with the headline from a piece in the Nikkei, the paper citing an unnamed source
More from Nikkei:
- The revised economic outlook released Friday by the BOJ shows the consumer price index growing 1.7% next fiscal year and inflation reaching 2% within fiscal 2017, the same as in the bank's April report.
- But the government's midyear economic projection from mid-July gives a less rosy view, with the CPI seen rising 1.4%.
- "With wage growth and consumer spending trends weak, the government isn't hung up on hitting 2% inflation anytime soon," the source said.
- This view comes across clearly in the midyear report, which was scrubbed of references to "aggressive monetary policy" or "the effects of quantitative and qualitative monetary easing implemented by the Bank of Japan" found in previous editions.
USD/Yen barely changed
