The Traderszone Network

Published in TZ Latest News 22 October, 2015 by The TZ Newswire Staff

Exclusive: BOJ to cut price forecast for next FY only slightly – sources

The Bank of Japan will cut its growth and inflation outlook for this fiscal year at a rate review next week but only slightly tweak its projections for next year, sources said, possibly tempering expectations that the central bank will soon ease monetary policy further. By not straying far from its current projections for next year, the BOJ can maintain that it is still broadly on course to meet its inflation goal of 2 percent next year without needing to step up its massive asset purchase program, people with direct knowledge of the matter told Reuters.

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