Bank of Japan lifts inflation forecast, no policy change

The Mercury -- Jan 19
Japan's central bank revised its inflation forecast on Tuesday and adjusted its view of price risks, while leaving its monetary easing policy in place in a nod to lingering pandemic uncertainty.
Even with the latest upward revision in prices, "a change in (the BoJ's) policy stance is hard to imagine" as the inflation target "is still far away," said economist Masamichi Adachi of UBS in a note ahead of the Tuesday decision.