The document discusses the Bank of Japan's (BoJ) recent reports and the central bank's concerns about missing its inflation target. It highlights the potential need for additional easing if the economy does not gain momentum in the next ten weeks. The July 15 monetary policy meeting is crucial for assessing price and growth forecasts. The BoJ's recent report indicates increased downside risks for prices and suggests that further increases in inflation expectations are necessary to achieve the 2% price stability target. The central bank chief is balancing the need to meet inflation targets with the government's fiscal consolidation plans.
documents/vol00010-efta01366069-pdf.pdf
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