BoJ cuts inflation forecast in fourth consecutive outlook report

bank-of-japan-street-scene

The Bank of Japan trimmed its inflation forecast for a fourth consecutive time in its latest quarterly outlook report, highlighting falling oil prices and entrenched expectations.

The central bank lowered its inflation estimates for 2019 from 1.4% to 0.9%, while deciding to maintain its policy rate at –0.1.

“Crude oil prices have turned to a decline since last autumn and this is likely to push down the year-on-year rate of change in the CPI,” the bank says in its outlook report, published on

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: