BoJ cuts economic growth, inflation view

TOKYO: Japan’s central bank on Wednesday cut its economic growth and inflation forecasts, as analysts warned over a disappointing second quarter that underscores the wobbly success of Tokyo’s Abenomics growth project.

Bank of Japan (BoJ) chief Haruhiko Kuroda, however, insisted that any downturn would be short-lived and that policymakers still expect to hit their inflation target by next year, a cornerstone of efforts to bolster the world’s number three economy.