• Bank of Japan: Japan's economy continues a moderate recovery trend

Market news

20 December 2016

Bank of Japan: Japan's economy continues a moderate recovery trend

  • We continue to buy government bonds in accordance with the previous rate of 80 trillion yen per year

  • The target level for 10-year bonds remained at about 0%

  • Inflation will reach 1.1% in fiscal year 2017 versus 0% in 2016 fiscal year

  • We forecast GDP growth of 1.5% in the 2017 fiscal year, compared to 1.3% in 2016 fiscal year

  • Inflation expectations remained weak

  • Production increased against the background of exports above expectations


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