Daily Management Review

Japan's central bank raises GDP and inflation forecasts


The central bank of Japan increased its expectations for both projected inflation and GDP growth.

The country's GDP growth estimate for the current fiscal year, which runs from April 1, 2023 to March 31, 2024, has been lifted by the Bank of Japan (central bank) to 2% from 1.3% projected in July, while the inflation projection has been raised to 2.8% from 2.5%, the regulator said in a statement.

Furthermore, the Japanese central bank projects 1% GDP growth in the upcoming fiscal year, compared to a 1.2% gain in July. In 2025, the GDP of the nation is still predicted to expand by 1%.

The Japanese Central Bank forecasts 2.8% inflation in the upcoming fiscal year, compared to 1.9% in July and 2.5% in the fiscal year 2025.

source: reuters.com