Reuters report the Bank of Japan is likely to cut its inflation forecasts

I posted earlier on the heads up for the BOJ meeting and Outlook report:

• BOJ will cut its inflation forecast this month

Reuters reporting similar just now, citing three unnamed sources

• people with direct knowledge of the bank's thinking said
• spoke on condition of anonymity as the discussions are private

Bank of Japan is likely to cut its inflation forecasts for this fiscal year and the year to March 2020 at a meeting later this month

• price pressures remaining stubbornly weak
• BOJ will likely cut its projection for core consumer prices for this fiscal year to around 1.0 percent from April's 1.3 percent projection
• and for next year to around 1.5 percent from 1.8 percent
• BOJ to scrutinise structural factors behind the weakness in consumer prices when it conducts a quarterly review of its long-term growth and price projections