Japan market closed mixed

Japanese share market closed mixed after bobbling between gains and losses on Thursday, 22 January 2015, after the Bank of Japan's cut its near-term consumer-price forecast. The Nikkei Stock Average ended higher 0.28% at 17329.02, while the broader Topix lost 0.08% to 1389.43.

The Bank of Japan cut its inflation forecast for fiscal 2015 to 1% from 1.7% previously, but left its target for the monetary base unchanged in its policy decision on Wednesday. A continued slide in oil prices is making it even more difficult for the central bank to achieve its 2% inflation target anytime soon.

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