Japan Govt cuts fiscal 2016 CPI estimate to +0.4% vs +1.2% in Jan

Reuters reports an exclusive preview on the Japanese government’s inflation and growth forecasts, which came in way below BOJ expectations. The assessment is due to be finished tomorrow.

Key Points:

Govt expects fiscal 2017 CPI at 1.4%

Cuts fiscal 2016 GDP to +0.9% vs +1.7% prev