19 Jan 2015
BoJ to revise down economy and CPI forecasts - Nomura
FXStreet (Bali) - Economists at Nomura expect this week's BoJ monetary policy to remain unchanged, although they are anticipating the outlook for the economy and prices to be revisited lower.
Key Quotes
"The Bank of Japan meets on January 20-21. Our economists expect monetary policy to remain unchanged. However, the outlook for the economy and prices will be revisited, and the core CPI outlook for FY15 is expected to be revised down to 1.5% from 1.7% in October’s latest report. This is a reflection of falling oil prices, although the long term outlook is expected to remain optimistic, with inflation returning towards 2% by the end of FY 2015."
Key Quotes
"The Bank of Japan meets on January 20-21. Our economists expect monetary policy to remain unchanged. However, the outlook for the economy and prices will be revisited, and the core CPI outlook for FY15 is expected to be revised down to 1.5% from 1.7% in October’s latest report. This is a reflection of falling oil prices, although the long term outlook is expected to remain optimistic, with inflation returning towards 2% by the end of FY 2015."