BoJ forecasts weaker inflation but stronger growth
Inflation still negative in Japan but likely to inch above zero this year, forecasts suggest
The Bank of Japan has pared back its forecast for inflation in the 2021 fiscal year, but now estimates that growth will be stronger than previously expected.
The central bank’s latest forecasts, published on April 27, show policy board members expect growth of 3.6–4.4% in this fiscal year, which began in April. This was an upward revision from the 3.3–4% forecast in January. The board also raised its forecasts for fiscal 2022.
Inflation, however, is expected to remain very weak. The BoJ’s
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