The Nikkei reports that the Bank of Japan is considering cutting its fiscal 2015 inflation forecast

Not new news, but headline crossing the wires

  • Report says the bank is likely to cut 0.5 - 1.0% from the current 1% forecast
  • The new forecast to be in the semi-annual report due April 30 (we'll also get new forecasts for economic growth)
  • Says the bank sees inflation hitting the 2% target in FY 2016 and 2017
  • Bank citing falling oil price along with the slow recovery in domestic consumption as leading to the cut