BOJ considering to cut fiscal year 2015 inflation forecast

FXStreet (Bali) - The Nikkei is reporting that the Bank of Japan is considering cutting its fiscal 2015 inflation forecast to 0.5 - 1.0% from the current 1% forecast when the new forecast is published in the semi-annual report on April 30th. The Nikkei adds that the Central Bank expects CPI reaching 2% target in FY 2016 and 2017.