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BOJ likely to cut CPI, GDP forecasts

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - According to sources familiar with the matter, reported by Reuters, BOJ is likely to cut this year's fiscal core CPI forecast to below 0.5% at next week's rate review vs the current 0.7%, while GDP forecast is also expected to be downgraded to 1% from 1.7%.

    Headlines via Reuters

    BOJ likely to cut this fiscal year's core cpi forecast to below 0.5 pct next week from current 0.7 pct projection

    BOJ likely to cut next fiscal year's core cpi forecast only slightly from current 1.9 pct projection

    BOJ likely to cut this fiscal year's gdp forecast to around 1 pct from current 1.7 pct expansion

    BOJ unlikely to make substantial changes to next fiscal year's economic growth forecast of 1.5 pct

    Will only slightly tweak its projections for next year, sources said, possibly tempering expectations that the central bank will soon ease monetary policy further
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