Reports circulating that BOJ is about to cut is inflation outlook

At the upcoming monetary policy meeting on January 23

(the meeting is Jan 22 and 23, the policy statement will come on the 23rd, and will be accompanied by the latest BOJ outlook report with forecasts)

• BOJ said to cut CPI forecasts due to falling oil prices
• Policy moves will be nil, unchanged

The reports cite 'people familiar with the matter'. there are no indications of the magnitude of the downgrade to CPI outlook.

--

If the BOJ cuts its inflation forecasts and maintains its 2% CPI target its only logical that policy will remain loose for longer. this is a yen negative inout.