More on the Bank of Japan considering slashing this fiscal year's inflation forecast
Earlier headline is here: Bank of Japan considering 'slashing' its inflation forecast
More info now via Reuters citing a Nikkei newspaper piece:
- will consider slashing this fiscal year's inflation forecast in quarterly forecasts due out at its policy meeting on April 26-27
- downgrade will reflect the impact of cuts in cellphone charge fees, which analysts say could push down core consumer inflation by around 0.2 percentage point
With the BOJ chasing a 2% inflation target and inflation set to be downgraded it follows that super-easy monetary policy from the Bank remains in place, if not even easier. At the margin a yen negative.