Reuters citing an unnamed source
- Japan's government is set to forecast overall consumer price growth of 1.5 percent in the fiscal year that starts in April 2019
Cabinet Office projections are due to be submitted to the government's top economic council on Friday
The BOJ forecasts is for core consumer inflation of 1.8 percent in fiscal 2019 …. but, adds Reuters :
- The Bank of Japan is likely to cut its price growth forecasts at a policy meeting later this month as long-term inflation expectations stall, sources said, highlighting the bank's difficulty in hitting its elusive price target.
Oh, from the same source, government forecast for real GDP growth in FY2019 is 1.5%