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The Bank of Japan is poised to raise its economic forecast around next week to imply its growing view the recuperation is gaining traction, according to people privy to the matter.
A source divulged nearly all economic factors are doing well, adding the Japanese economy is somehow in good shape. However, the source said inflation remains in the negative territory.
Sources mentioned the BOJ will say the economy is expanding modestly either at next week's rate assessment or next month's gathering.
Earlier, the Japanese central bank provided the most upbeat evaluation in nine year, noting the economy has been inching toward stable growth.
