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Outlook for Economic Activity and Prices (January 2023)
Japan's economy is likely to recover toward the middle of the projections period, with the impact of the novel coronavirus (COVID-19) and supply-side constraints waning, although it is expected to be under downward pressure stemming from high commodity prices and slowdowns in overseas economies. Thereafter, as a virtuous cycle from income to spending intensifies gradually, Japan's economy is projected to continue growing at a pace about its potential growth rate. • The year-on-year rate of increate in the consumer price index (CPI, all items less fresh food) is likely to be relatively high in the short run due to ... (full story)
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- Posted: Jan 17, 2023 9:42pm
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