With Japan's economy floundering, BoJ to miss inflation goal

TOKYO: Japan's economy is floundering, and analysts polled by Reuters cut their annual growth forecast for a fifth straight month, saying there is no chance the Bank of Japan will meet its 2% inflation goal by the next fiscal year.

With demand still suffering from an April sales tax hike and disappointing factory output, most analysts expect the BoJ to ease policy further before the fiscal year ends in March.