Bank of Japan's latest outlook on prices and growth

The central bank stuck with its inflation forecasts of 1.3% for the fiscal year ending March 2015 and 1.9% the following year. Unveiling its 2017 estimate, the bank saw inflation rising to 2.1% - ahead of its 2% target. The higher inflation forecast might dampen some economist expectations for further bank stimulus this year, but the other half of the BOJ report saw the central bank lowering its GDP growth outlook for this year to 1.1% from 1.4% previously. For the fiscal year ending March 2016, the forecast remained at 1.5%. The yen saw sizable gains against the dollar following the report's release, but those have been trimmed, leaving dollar/yen marginally lower at ¥102.50.