The Bank of Japan on Tuesday lifted its inflation forecasts for the next fiscal year, reflecting higher raw material costs and the effect of a weaker yen, but maintained its easy monetary policy as the 2 percent target is still far off and surging COVID-19 cases are raising uncertainty.In an outlook report released after a two-day policy-setting meeting, the BOJ projected the core consumer price index, excluding volatile fresh food items, would rise 1.1 percent in fiscal 2022, up from its earlier estimate of a 0.9 percent gain.The central bank said the price outlook is "generally balanced" …READ FULL ARTICLE
