Market news
30.10.2015, 10:02

Bank of Japan cuts its growth and inflation forecasts

The Bank of Japan (BoJ) downgraded its growth and inflation forecasts. The inflation for the fiscal year 2015 ending on March 31 is expected to be 0.1%, down from the previous estimate of 0.7% (the BoJ said last year that the inflation in Japan will reach 2% in 2015).

The central bank expects the inflation to be 1.4% in 2016, down from the previous estimate of 1.9%, and 1.8% in 2017.

Japan's economy is expected to expand 1.2% in the fiscal year 2015, down from the previous estimate of 1.7%, 1.4% in 2016, down from the previous estimate of 1.5%, and 0.3% in 2017, up from the previous estimate of 0.2%.

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