🏦🇯🇵BoJ Quarterly Outlook

*BOJ QUARTERLY REPORT: EXPORTS AND OUTPUT WILL CONTINUE TO INCREASE.

*BOJ QUARTERLY REPORT: ON THE PRICE FORECAST, THE DOWNSIDE RISKS ARE GREATER.

*BOJ QUARTERLY REPORT: FOR THE TIME BEING, THE RISKS TO THE ECONOMIC OUTLOOK ARE SKEWED TO THE DOWNSIDE.

*BOJ QUARTERLY REPORT: INFLATION EXPECTATIONS ARE FLAT.

Full document here: https://www.boj.or.jp/en/mopo/outlook/gor2104a.pdf

Bank of Japan April Forecasts:

• FY 2020 GDP is revised higher to -4.9% from -5.6%

• FY 2021 GDP is revised higher to +4.0% from +3.9%

• FY 2020 CPI is revised higher to -0.4% from -0.5%

• FY 2021 CPI is revised lower to +0.1% from +0.5%