BOJ will cut its inflation forecast this month

The Bank of Japan meet on July 30 and 31 and will update their Outlook for Economic Activity and Prices report.

In the report the Bank includes its forecasts, and inflation, way below target, could come into focus again. This seems rather early, but the Nikkei says the BOJ will cut its inflation forecast further in the report.

Bank of Japan looks to lower its price growth forecast for fiscal 2019 to the neighborhood of 1.5% in late July.

weak inflation in recent months undercutting the central bank’s contention that its 2% target is drawing closer.

 Trader Aleksandar Kumanov

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