Bank of Japan Rolls Out First 2015 Inflation Forecast

Following up on last night's "UPDATED--Japan "Core"* CPI Prints at Negative 0.5%, Gold Pops".
From FT Alphaville:

BoJ sees good things, everywhere…

… including in places completely unrelated to the Bank of Japan, or even Japanese government policy.
It’s been a big day for the Bank of Japan, although nowhere near as big as April 4. First, let’s look at this:

This re-affirms what the BoJ said on April 4 when announcing the big new “Quantitative and Qualitative Monetary Easing” programme: that the BoJ will buy assets at a rate of Y60-70tn per year in order to double the monetary base.

All well and good, though the BoJ wasn’t expected to change its QE programme today, so it didn’t stop the yen strengthening somewhat.

It’s the BoJ’s inflation and GDP forecasts that were most anticipated.
They have been bumped up a lot; the key numbers are 1.4 per cent CPI growth in 2014....MORE