https://sputnikglobe.com/20230118/bank-of-japan-lowers-gdp-forecast-increases-expected-inflation-rate-1106445737.html
Bank of Japan Lowers GDP Forecast, Increases Expected Inflation Rate
Bank of Japan Lowers GDP Forecast, Increases Expected Inflation Rate
Sputnik International
The Bank of Japan lowered its forecast on the GDP growth for the current financial year, to 1.9% from 2%, while raising the expected inflation rate to 3% from 2.9%.
2023-01-18T06:44+0000
2023-01-18T06:44+0000
2023-02-14T09:46+0000
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The BOJ also reduced its expectations of the GDP growth to 1.7% from 1.9% in the next fiscal year and to 1.1% from 1.5% in 2024. Japan's central bank kept its forecast for inflation in the next fiscal year the same 1.6% as in October but increased it to 1.8% from 1.6% for 2024. In 2013, the BOJ announced a "price stability target" of 2% annual inflation. The year 2022 will become the first to exceed this benchmark since 2015.
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bank of japan about gdp and inflation, gdp and inflation in japan, gdp lowers in japan, japanese inflation, 2022 inflation and gdp in japan, 2022 financial year's results in japan, inflation grows in japan 2022
Bank of Japan Lowers GDP Forecast, Increases Expected Inflation Rate
06:44 GMT 18.01.2023 (Updated: 09:46 GMT 14.02.2023) MOSCOW, (Sputnik) - The Bank of Japan (BOJ) lowered on Wednesday its forecast on the GDP growth for the current financial year, which ends on March 31, to 1.9% from 2% announced in October, while raising the expected inflation rate to 3% from 2.9%.
The BOJ also reduced its expectations of the GDP growth to 1.7% from 1.9% in the next fiscal year and to 1.1% from 1.5% in 2024.
Japan's central bank kept its forecast for inflation in the next fiscal year the same 1.6% as in October but increased it to 1.8% from 1.6% for 2024.
In 2013, the BOJ announced a "price stability target" of 2% annual inflation. The year 2022 will become the first to exceed this benchmark since 2015.
