Japan’s Improved Growth Forecast Suggests BOJ Upgrade in January
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If history is anything to go by, an upgrade of the Bank of Japan‘s growth projection for next year is likely in January after the government nudged up its own economic outlook.
Japan’s government now sees the economy expanding 1.4% in the year starting in April, compared with a projection in July of 1.2%, according to its latest forecasts released Wednesday. The government cited the stimulus package unveiled by Prime Minister Shinzo Abe earlier this month as a key factor for the faster growth.