BoJ estimates to show sustained inflation of 2%

TOKYO: The Japanese economy is likely to produce sustained inflation of around 2% for at least two years from the middle of 2015, the Bank of Japan’s (BoJ) latest projections will show, sources familiar with the central bank’s thinking said.

The upbeat estimate would underscore the central bank’s conviction that Japan is on track to meet its 2% price goal by April next year, and reinforce the view that no imminent easing is on the horizon.