Home World News Latin America Bank of Japan Lowers GDP Forecast, Increases Expected Inflation Rate

Bank of Japan Lowers GDP Forecast, Increases Expected Inflation Rate

Bank of Japan Lowers GDP Forecast, Increases Expected Inflation Rate

MOSCOW, (Sputnik) – The Bank of Japan (BOJ) lowered on Wednesday its forecast on the GDP growth for the current financial year, which ends on March 31, to 1.9% from 2% announced in October, while raising the expected inflation rate to 3% from 2.9%.

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