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xchrom

(108,903 posts)
39. Bank of Japan lifts economic forecasts
Sun Apr 28, 2013, 07:49 AM
Apr 2013
http://www.bbc.co.uk/news/business-22317356

The Bank of Japan (BoJ) has raised its forecast for both economic growth and inflation this year in its twice yearly report.

The BoJ now estimates growth for the year from March to March of 2.9%, up from its previous forecast of 2.3%.

Of equal interest was its forecast for inflation, which it lifted to 0.7% from 0.4%.

Deflation has been one of the biggest bugbears for Japanese policy makers as it holds back consumer spending.
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