We expect GDP growth to be broadly in line with trend both this year and next. The labour market will remain very tight and wage growth may strengthen further. But sluggish demand after next year’s tax hike will keep 2% inflation out of reach. The Bank of Japan will therefore keep policy loose for the foreseeable future.
This is the first edition of a new, quarterly publication that is being added to your subscription. The Japan Economic Outlook brings together our key views and forecasts for Japan’s economy.
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