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Outlook for Economic Activity and Prices
Japan's economy is likely to continue recovering moderately for the time being, supported by factors such as the materialization of pent-up demand, although it is expected to be under downward pressure stemming from a slowdown in the pace of recovery in overseas economies. Thereafter, as a virtuous cycle from income to spending gradually intensifies, Japan's economy is projected to continue growing at a pace above its potential growth rate. The year on year rate of increase in the consumberprice index (CPI, all'lems less fresh food) is likely to decelerate, with a waning of the effects of a pass-through to consumer ... (full story)
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BoJ Quarterly Outlook Report: Risk to inflation skewed to upside for fiscal 2023, 2024
The Bank of Japan’s (BoJ) published its quarterly outlook report, following its July policy meeting, with Reuters citing key highlights from the report. Key takeaways: • Risk to inflation skewed to upside for fiscal 2023, 2024. • Japan's economy is recovering moderately. • Inflation expectations showing signs of heightening again. • Japan's economy likely to continue recovering moderately. • Japan's economy to continue expanding above potential. • Wage growth has risen, signs of change have been seen in firms' wage, price-setting behavior. • Inflation expectations have shown some upward movements ... (full story)