Reuters is out with the key headlines from the Bank of Japan (BOJ) quarterly economic outlook released along with the monetary policy statement on Monday.
- Japan’s economy to remain in sever situation for the time being due to coronavirus spread
- consumer inflation likely to be weak due to spread of coronavirus, oil price falls
- Japan’s economy likely to improve on pent-up demand once virus impact subsides
- inflation likely to gradually accelerate as economy improves
- expects spread of coronavirus to gradually subside globally towards latter half of this year
median core CPI forecast for fiscal 2020/21 at -0.7 to -0.3% vs +1.0% in Jan
- board’s median core CPI forecast for fiscal 2021/22 at 0-0.7% vs +1.4% in Jan
- median core CPI forecast for fiscal 2022/23 at +0.4 to 1.0%
- for FY 2019 +0.6%
real GDP forecast for fiscal 2020/21 at -5.0 to -3.0% vs +0.9% in Jan
- for fiscal 2021/22 at +2.8% vs +1.1% in Jan
- for fiscal 2022/23 at +3.9%
- for fiscal 2021/22 at +2.8% to +3.9%
- for FY 2019 -0.4% to -0.1%
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