BoJ to assure things on track for achieving inflation goals - BNZ

FXStreet (Łódź) - According to the BNZ team of economists, the BoJ which is due to hold the first of its two October meetings this Tuesday, should reiterate that they are on track to reaching inflation objectives during FY 2015.

Key quotes

"The late October meet (31st) is likely to be the more significant since it will include updated economic forecasts."

"Downgrades to the growth and/or inflation outlook are a prerequisite for any step up in the pace of BoJ easing, in which respect private sector economists are busy downgrading their Q3 GDP forecast from 4% to more like 2-3%, following last week’ disappointing industrial production figures."