BoJ to cut its inflation forecasts this month - Japan Press

According to Japanese media outlet the Nikkei Asian Review, The Bank of Japan (BoJ) is likely to reduce their inflation forecast to 1.5% at their outlook meeting later this month.

The BoJ will be meeting on July 30th and 31st ahead of the release of their Outlook for Economic Activity and Prices report, and the Nikkei Review is reporting that the central bank is incredibly likely to reduce their inflation forecast looking forward, citing weakening inflation in recent months despite the BoJ's statements that inflation has been nearing their 2% target.

The Nikkei continued that the BoJ dropped their FY 2019 by-line in April, and a downgrade in July would strongly imply that inflation targets are beginning to slip further out of reach for the BoJ.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.