The Bank of Japan will publish its latest quarterly growth and price forecasts at its next monetary policy meeting on October 27-28.
Reuters carried a piece late on Friday citing unnamed sources on expected forecast downgrades to be included.
- expected to downgrade its economic growth forecast for the current fiscal year
- “Upcoming data will likely show a pretty big plunge in Japanese exports and output due to factory shutdowns in Asia. That will clearly push down economic growth,” said one of the sources … “Japan’s recovery isn’t derailed. But the timing of a clear rebound may have been delayed”
- also likely to lower its consumer inflation forecast for the year ending in March 2022