More on the Bank of Japan considering slashing this fiscal year's inflation forecast

Author: Eamonn Sheridan | Category: Central Banks

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
Earlier headline is here: Bank of Japan considering 'slashing' its inflation forecast
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. 
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