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The Japanese government is set to forecast consumer price growth of 1.5 percent for the fiscal year 2019 (begins from April 2019), a draft document obtained by Reuters revealed.  

Meanwhile, the Bank of Japan (BOJ) is likely to cut  its price growth forecasts for the Nth time at a policy meeting later this month, strengthening speculation that the central bank’s exit from the ultra-easy monetary policy is still a couple of years away.