Bank of Japan seen revising down assessment on consumption, output at March meeting

Bank of Japan headlines via Reuters, the news citing unnamed sources:

• BoJ
  likely to maintain forecast for moderate economic recovery, according
  to sources
• BoJ seen revising down assessment on consumption, and factory output at the March meeting on the 18th and 19th

More:

• Weak household spending, auto disruption weighing on
  consumption
• Output plunge likely to prod BOJ to downgrade view on
  production
• BOJ likely to maintain forecast of moderate economic
  recovery
• Downgrades unlikely to affect timing of exit from stimulus say the sources

USD/JPY has barely moved at all on these headlines, Its around 1499.98 and sitting pretty much in the middle of its small range for the day.

This article was written by Eamonn Sheridan at www.forexlive.com.