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Bank of Japan set to trim inflation outlook for next 2 years

Oil slump and cheaper mobile plans weigh on consumer prices

The Bank of Japan holds its next policy meeting Jan. 22-23. (Photo by Yuki Nakao)

TOKYO -- Bank of Japan policymakers will weigh downgrading their inflation outlook at their meeting later this month to reflect lower crude oil prices, cuts in mobile phone fees and an expansion of free schooling.

The Japanese central bank remains committed to its current monetary easing policy, but will take into account uncertainties in the global economy and financial markets during the two-day meeting ending Jan. 23, when the BOJ releases its latest semiannual Outlook for Economic Activity and Prices report.

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