BoJ cuts outlook as Japan economy stalls

TOKYO: The Bank of Japan on Friday cut it growth outlook and pushed back the timeline for a key inflation target, but held off fresh easing even as Tokyo’s blueprint for reviving the world’s number three economy falters.

Japan is teetering on the edge of recession in the face of slowing growth in China and shaky global economy, while weak inflation and consumer spending at home have also helped slam the brakes on growth.