In the Nikkei this morning, and for background as we approach the Bank of Japan meeting this week (October 30)
From the piece:
- BOJ poised to push back its estimate for reaching 2% inflation
- Expected to lower its fiscal 2015 inflation outlook from the current 0.7% to between 0% and 0.5%, in addition to trimming the 1.9% estimate for fiscal 2016
- Consumer prices are holding up relatively well in the BOJ's view once the effect of cheaper crude oil is stripped away. The consumer price index, excluding fresh food and energy, climbed more than 1% year on year in August.
- Japanese exports and industrial output remain depressed owing to weakness in emerging markets
There is more, if you want to read what they'll be reading on the way to work this morning in Tokyo.
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It was at the October meeting last year that the BOJ surprised with more easing. it seems rather simplistic, but expectations for further easing a this meeting are higher than they otherwise would be due to the action this time a year ago.
