The survey evidence suggests that the economy is losing momentum and we’ve lowered our GDP growth forecast for 2019 to 0.5%. If the economy records yet another quarter of falling output, we suspect PM Abe may delay the sales tax scheduled for October yet again. By contrast, we think that the hurdle for additional easing by the Bank of Japan is very high.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services