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Sources close to the Bank of Japan (BoJ) said on Wednesday that the central bank was considering to lower its inflation outlook for fiscal 2016 due to a drop in oil prices.
The sources noted that the BoJ will likely cut its inflation outlook to around 1% for fiscal 2016 at its next monetary policy meeting in January.
The central bank said in October that it expected inflation excluding fresh foods to increase by 1.4% in fiscal 2016.
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