Japan’s government raised the FY2021 GDP estimate +4.0% from the previous forecast of +3.4% in July amid stimulus optimism, the latest estimate by the Cabinet Office showed on Friday. Key takeaways (via Reuters) “The forecast 4.0% growth for next fiscal year would be the fastest annual expansion on record, if realized, since comparable data became available in 1995.” “Policymakers need to keep a close watch “on downside risks to the economy in Japan and overseas from the pandemic and impacts from moves in financial capital markets.” “For the current fiscal year that ends in March 2021, the government cut its gross domestic product forecast to a 5.2% contraction, which would be the biggest annual slump on record.” “Overall consumer prices are forecast to fall 0.6% for this fiscal year, from a 0.3% decline expected previously.“ “In fiscal 2021, overall prices will grow 0.4%, the government said, revised down slightly from the previous forecast of a 0.5% increase.” Related reads USD/JPY picks up a Tokyo open bid, breaking 103.20 and beyond NY session highs BOJ Preview: Extension of corporate funding aid as covid pain intensifies FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Price Analysis: Mildly bid, eyes falling wedge hurdle FX Street 2 years Japan’s government raised the FY2021 GDP estimate +4.0% from the previous forecast of +3.4% in July amid stimulus optimism, the latest estimate by the Cabinet Office showed on Friday. Key takeaways (via Reuters) “The forecast 4.0% growth for next fiscal year would be the fastest annual expansion on record, if realized, since comparable data became available in 1995.” “Policymakers need to keep a close watch "on downside risks to the economy in Japan and overseas from the pandemic and impacts from moves in financial capital markets.” “For the current fiscal year that ends in March 2021, the government cut its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
