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- The Bank of Japan could lower its inflation outlook at its next monetary policy meeting in January
The Bank of Japan could lower its inflation outlook at its next monetary policy meeting in January
Sources close to the Bank of Japan (BoJ) said on Wednesday that the central bank was considering to lower its inflation outlook for fiscal 2016 due to a drop in oil prices.
The sources noted that the BoJ will likely cut its inflation outlook to around 1% for fiscal 2016 at its next monetary policy meeting in January.
The central bank said in October that it expected inflation excluding fresh foods to increase by 1.4% in fiscal 2016.
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