Bank of Japan cuts inflation forecast

bank-of-japan-new
Bank of Japan

The Bank of Japan (BoJ) has cut its inflation forecast for 2015 but is retaining its asset purchase programme at current levels, citing rising inflation expectations.

The BoJ lowered its January forecast for 'core' consumer prices by 20 basis points to 0.8% today (April 30) but reiterated the "underlying" inflation trend is rising steadily toward target.

"Although the timing of reaching around 2% depends on developments in crude oil prices," the BoJ said in its outlook statement, it expects to h

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: