BOJ Is Said Likely to Raise Economic Growth Outlook on Stimulus

The Bank of Japan is likely to raise its economic growth projection when its board meets later this month, while officials are set to keep the benchmark interest rate on hold, according to people familiar with the matter.

The central bank will probably revise up its economic projection from 0.7% for the fiscal year starting in April in its quarterly economic outlook report due to be released with the policy statement on Jan. 23, according to the people. The forecast for the current fiscal year might also be upgraded, the people said.