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14 Jan 2015
Japan: Inflation forecast among private forecasters declines - Nomura
FXStreet (Bali) - Inflation forecast among Japanese private forecasters has declined further, notes Yujiro Goto, FX Strategist at Nomura.
Key Quotes
"The Consensus inflation forecast for FY2015 was downgraded to +0.84% in January from +1.09% the previous month, according to JCER."
"The FY2014 inflation forecast was also downgraded to +0.95% from +1.05%, while the FY2016 inflation forecast has been lowered to +1.27% from +1.36%."
"Inflation forecasts among private forecasters have been much lower than the BOJ’s forecast, but the difference is now getting bigger, as oil prices continue to decline."
"Our economists have also lowered their inflation forecasts to incorporate the impact of the fall in oil prices. Inflation expectations based on inflation-linked bonds also remain at low levels."
Key Quotes
"The Consensus inflation forecast for FY2015 was downgraded to +0.84% in January from +1.09% the previous month, according to JCER."
"The FY2014 inflation forecast was also downgraded to +0.95% from +1.05%, while the FY2016 inflation forecast has been lowered to +1.27% from +1.36%."
"Inflation forecasts among private forecasters have been much lower than the BOJ’s forecast, but the difference is now getting bigger, as oil prices continue to decline."
"Our economists have also lowered their inflation forecasts to incorporate the impact of the fall in oil prices. Inflation expectations based on inflation-linked bonds also remain at low levels."