The Bank of Japan (BOJ) is likely to raise its economic growth forecast while keeping its benchmark interest rate unchanged at its upcoming policy meeting, according to sources familiar with the matter. Officials will make final decisions after reviewing all available data up to the last minute, the sources said. The central bank has maintained an ultra-loose monetary policy for years, keeping rates near zero to combat deflation and support the economy. Recently, Japan's economy has shown signs of recovery, with exports and consumption picking up, though inflation remains modest. The BOJ's quarterly outlook report, due alongside the policy decision, is expected to reflect a more optimistic view of growth for the current fiscal year. However, the bank is likely to maintain its current stance to ensure sustained recovery and avoid disrupting financial markets. Economists widely anticipate no change in interest rates at this meeting. The BOJ has been cautious in adjusting policy, preferring to wait for more concrete evidence of sustainable inflation. The decision comes as other major central banks, like the US Federal Reserve and the European Central Bank, have been raising rates to tame inflation. Japan's situation differs, as the BOJ continues to prioritize growth over fighting inflation.