BoJ cuts inflation forecast in fourth consecutive outlook report

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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

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