Just noting this again ICYMI - Japanese government looking to cut long-term CPI forecast to 1.5% vs 2.0%
The government outlook report is due in January. Reuters report that the government is leaning towards cutting its mid- to long-term gross domestic product and inflation estimates
- currently projects nominal economic growth will reach as much as 3.9 percent for the fiscal year ending March 2021 (compared with 1.1 percent growth last fiscal year)
- estimated annual consumer inflation will be stable around 2.0 percent from fiscal 2021.
- But a growing number of officials see those levels as difficult to achieve, and the consumer inflation forecast would likely be lowered to 1.5 percent, the sources said on condition of anonymity because the report is not yet public.
