BoJ faces growing communications challenge
BoJ embarks on third attempt at unlimited fixed-rate outright JGB purchases
Japan’s economy continues its moderate recovery. GDP growth for January–March 2017 recorded 1%, slightly above the potential economic growth rate of 0.8% estimated by the Bank of Japan (BoJ) and the Cabinet Office. The data from April suggests a somewhat stronger pace of recovery for April–June 2017 as real exports and real business fixed investment indicate rising trends. Meanwhile, households’ real consumption has shown no sign of a rising trend, despite favourable labour market conditions
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