BOJ mulls downgrading CPI forecasts for FY 2017 & 18 - Nikkei

The Nikkei Asian Review out with latest BOJ headlines this Thursday, citing that the BOJ is mulling downgrading its CPI forecasts for FY 2017 and 2018, while may up its growth forecasts for FY 2017/2018 to 0.1-0.2 percentage points.  

In contrast, the Japanese government is considers slashing their GDP forecasts, when the Japan's Council on Economic and Fiscal Policy meet Friday, Yomiuri Shimbun reports.

Key Points:

Government to lower its GDP forecast

Revise from 1.5% to 1.4% (for FY 2017)

To cite both slower consumer spending and capex