The Japanese Cabinet Office issues the new economic forecasts, in light of the natural disasters and weakening export demand due to trade tensions.
Key Highlights:
GDP:
Economy to grow 0.9 percent in fiscal 2018 (ends in March), down from previous projection of 1.5 percent.
Fiscal 2019 +1.3 percent (down from previous +1.5 percent).
Capital expenditure:
+3.6 percent in fiscal 2018.
+2.7 percent growth in fiscal 2019.
CPI:
+1.0 percent this fiscal year (down from 1.1 percent forecast previously).
Fiscal 2019 +1.1 percent (from +1.5).
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