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TOKYO, April 30 (Xinhua) -- The Bank of Japan (BOJ) said Wednesday that the nation is on course to hit its inflation target next fiscal year following the bank unfolding its large scale Customized Arizona Cardinals Jersey , ultraeasy monetary easing policy in April 2013.
BOJ Governor Haruhiko Kuroda said that the trimming of its growth estimate for the current fiscal year was in line with its expectations as part of the fallout from the April 1 tax hike from 5 to 8 percent, and maintained that the central bank's plans to reverse deflation in two years was still on course.
The central bank now expects the world's third-largest economy to expand 1.1 percent for the year through March 2015, revised down from the 1.4 percent growth it estimated in January.
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The BOJ policy board members voted unanimously to maintain its current plan for an annual increase in the monetary base of between 60 trillion yen and 70 trillion yen (683 billion U.S. dollars), with purchases of government bonds and other assets.
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The figures, comprising part of the bank's semiannual outlook report, do not take into account the impact of the two-phased tax hike that was launched April 1.
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