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BoJ downgrades economic, infation forecasts

FXStreet (Bali) - Following the decision to ease further, increasing its monetary base at a pace of 80 trillion yen/year, BoJ published its semiannual report, updating forecasts for both the economy and inflation.

Main headlines (via Reuters)

BoJ Japan real gdp expected +0.5 pct in fy2014/15 vs +1.0 pct projected in july

BoJ Japan core cpi expected +1.2 pct in fy2014/15 vs +1.3 pct projected in july, excluding effect of sales tax hike

BoJ Japan core cpi expected +1.7 pct in fy2015/16 vs +1.9 pct projected in july, excluding effect of sales tax hike

BoJ Japan core cpi expected +1.2 pct in fy2014/15 vs +1.3 pct projected in july, excluding effect of sales tax hike

BoJ Japan core cpi expected +1.7 pct in fy2015/16 vs +1.9 pct projected in july, excluding effect of sales tax hike

BoJ Japan core cpi expected +2.1 pct in fy2016/17 vs +2.1 pct projected in july, excluding effect of sales tax hike

BoJ Japan real gdp expected +1.5 pct in fy2015/16 vs +1.5 pct projected in july

BoJ Japan real gdp expected +1.2 pct in fy2016/17 vs +1.3 pct projected in july

BoJ Japan semiannual report: consumer inflation to reach 2 pct around middle of our forecast period between fy2014-2016

BoJ Japan semiannual report: consumer inflation to reach 2 pct around middle of our forecast period between fy2014-2016

BoJ semiannual report: boj ready to make necessary policy adjustments while scrutinising upside, downside risks to economy, prices

BoJ semiannual report: big downside risks exist on price outlook

BoJ semiannual report: big uncertainty exists on long-term inflation expectations

BoJ semiannual report, on risks: if weak demand and decline in oil prices keep putting downward pressure on prices, may harm inflation expectations

BoJ semiannual report: positive economic cycle likely to remain intact

BoJ semiannual report: overseas econ growth to gradually accelerate

BoJ semiannual report, on risks: if confidence in fiscal policy declines, could hurt economy through rises in long term interest rates

BoJ semiannual report: cpi to move around current positive territory, then accelerate to hit 2 pct

BoJ semiannual report, on risks: impact of second sales tax hike next year depends on consumer sentiment and employee wages

BoJ semiannual report: cpi to reach 2 pct in fiscal 2015, gradually stabilise at that level

BoJ semiannual report: boj's gdp, cpi estimates take into account today's easing

BoJ semiannual report, on risks: need to continue to monitor decline in demand, real wages after april sales tax hike

BoJ semiannual report: japan's potential growth rate is estimated to be around 0.5 pct or lower, seen rising gradually ahead

BoJ semiannual report, on risks: offshoring of production could continue to restrain exports but benefit corporate profits

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