Bank of Japan cuts inflation forecast
BoJ retains asset purchases at current levels
The Bank of Japan (BoJ) has cut its inflation forecast for 2015 but is retaining its asset purchase programme at current levels, citing rising inflation expectations.
The BoJ lowered its January forecast for 'core' consumer prices by 20 basis points to 0.8% today (April 30) but reiterated the "underlying" inflation trend is rising steadily toward target.
"Although the timing of reaching around 2% depends on developments in crude oil prices," the BoJ said in its outlook statement, it expects to
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