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Sixth time lucky? Bank of Japan delays inflation targets again

Tim McDonald

Asia business reporter

A flag in front of the bank of Japan
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The Bank of Japan (BOJ) has for a sixth time pushed out the time-frame for achieving its 2% inflation target.

It now expects Japan's economy will hit the target sometime in the fiscal year ending in March 2020, nearly seven years after it launched a massive asset-buying programme that was supposed to last two years.

The central bank also decided to maintain its loose monetary policy at a time when central banks elsewhere look poised to slowly tighten theirs.

It also lifted its economic growth outlook for 2017 slightly to 1.8% and increased its outlook for next year to 1.4%.

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