BOJ likely to upgrade economic assessment, but downbeat on inflation - RTRS

According to a report published on Reuters, quoting people familiar with the issue, the Bank of Japan is set to upgrade its economic assessment as early as next week, during a rate review on June 15-16, or the following meeting in July.

However, on the inflation front, the central bank might again cut its price forecast at a quarterly review of its projections in July.

The disconnect between growth and inflation suggests that the BOJ is unlikely to withdraw its massive monetary stimulus aimed towards achieving the 2% inflation target.