BoJ forecasts GDP growth and inflation for 2014

The Japanese gross domestic product growth was revised up for the fiscal year of 2014 starting in April together with raising the inflation target to almost 2% in two years, a report released by the nation's central bank showed on Thursday. According to the report Japan's economic growth is forecast to reach 1.5%, while the core consumer inflation rate is expected to record 1.3% and 1.9% in 2014 and 2015 respectively.