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Japan Cabinet Office lowers FY 2018, 2019 GDP growth forecasts

The Japanese Cabinet Office issues the new economic forecasts, in light of the natural disasters and weakening export demand due to trade tensions.

Key Highlights:

GDP:

Economy to grow 0.9 percent in fiscal 2018 (ends in March), down from previous projection of 1.5 percent.

Fiscal 2019 +1.3 percent (down from previous +1.5 percent).

Capital expenditure:

+3.6 percent in fiscal 2018.

+2.7 percent growth in fiscal 2019.

CPI:

+1.0 percent this fiscal year (down from 1.1 percent forecast previously).

Fiscal 2019 +1.1 percent (from +1.5).

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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