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BOJ Said to Mull Refraining From 2015 Monetary-Base Forecast

The Bank of Japan is considering refraining from issuing a monetary-base forecast for 2015 to avoid signaling a commitment to easing for a specific time period, according to people with knowledge of the matter.

In April last year, when the BOJ unveiled unprecedented easing, it said the monetary base will rise to 270 trillion yen ($2.65 trillion) by the end of 2014. Now, the central bank may avoid issuing any update for coming years, said the people, who asked not to be named because the talks were private. The BOJ is forecast to leave policy unchanged at a meeting ending tomorrow even after a report today showed weaker-than-forecast growth in the fourth quarter.