Forex Flash: Only 2 out of 39 forecasters believe 2% inflation in Japan in 2-year is possible - Nomura

FXstreet.com (Barcelona) - According to Nomura Strategists Yujiro Goto, private inflation forecasts for Japan are lower than those from the BoJ, Yujiro says: “Even though the BOJ expects core CPI inflation to reach 1.4% in FY14, private forecasters consensus remains at 0.61%,” he points out, adding: “Inflation forecasts among private forecasters are gradually rising, as suggested from an other survey, but the magnitude is still limited."

"The survey also asked about the possibility of 2% inflation target being achieved in two years (by around March to April 2015), but only two out of 39 forecasters believed it is possible,” Mr Goto concludes.