Outlook Report signals need to avoid falling behind the curve
Key points
BoJ on hold for third consecutive meeting; in unusual outcome, three board members dissent in favor of rate hike
FY26 growth forecast cut, but 2% price target still in sight "between the second half of fiscal 2026 and fiscal 2027"
Mention of "risk of inflation significantly deviating upward" signals awareness of need to avoid falling behind the curve