BoJ cuts inflation forecast at a time of falling JGB purchases
Core inflation forecast revised downwards as bond purchases appear to be declining
The Bank of Japan (BoJ) kept its monetary policy on hold last week, despite lowering its core inflation forecast at a time when some analysts believe its 2% inflation target is “too optimistic” amid weak wage growth.
Following its two-day monetary policy meeting on April 26-27, the BoJ upgraded its assessment of the economy, but lowered its inflation target, even though it cut its purchases of Japanese government bonds (JGBs) in recent months.
The central bank lowered its core consumer price
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