Bank of Japan expects the country’s inflation to slow further

Market news

22 January 2015

Bank of Japan expects the country’s inflation to slow further

The Bank of Japan (BoJ) released its monthly economic report on Thursday. The BoJ said that Japanese consumer inflation will slow further due to falling oil prices.

The central bank noted that Japan's economy has continued to recover moderately as a trend, and it expect that the country's economy will recover moderately.

The Bank of Japan (BoJ) released its interest rate decision on Wednesday. The BoJ kept its monetary policy unchanged. The central bank will expand its monetary base at an annual pace of 80 trillion yen.

The BoJ cut its inflation forecast for the year to March 2016 to 1.0%, down from a previous estimate of 1.7%.

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