The latest consensus estimates on the Japanese economy show lowered inflation forecasts. The median in the Bloomberg survey, just released, fell 0.1 to 0.2 percentage points in Q4 2014 through Q2 2015. The average for 2015 also fell to 1.4% from 1.5%. The change reflects lower oil prices with core CPI forecasts unchanged.
On the flipside, the growth consensus for fiscal year 2015 has been bumped up to 1.7% from 1.5%.
