While the BOJ mulls hiking growth forecast, govmt mulls cutting theirs

The headlines overnight re the BOJ: BOJ to raise growth outlook - report

And more this morning:

• Japan press - BOJ considers downgrading CPI forecasts
• More on the expected BOJ forecast revisions - up for growth, down for CPI

Now this, in today's Yomiuri (no sources named)

• Government to lower its GDP forecast
• Revise from 1.5% to 1.4% (for FY 2017)
• To cite both slower consumer spending and capex

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Note, Japan's Council on Economic and Fiscal Policy meet Friday, announcement expected from there on this revision.

We'll see ....