The latest reports are doing the rounds, quoting ‘people familiar with the matter’, as saying that the Bank of Japan (BoJ) is said to cut the inflation forecasts in its economic outlook report that will be published alongside the monetary policy statement when the central bank’s two-day monetary policy review meeting concludes on January, 23rd.
The sources said that there will be no changes to the monetary policy settings while adding that the downward revision to the CPI forecasts will be on account of falling oil prices.
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