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Japan's Future Economic Growth Estimates Are Ratcheted Up

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The Bank of Japan will revise upward its estimate for Japan's potential economic growth
to the upper half of 1 pct, from 1 pct previously, the Nihon Keizai Shimbun reported, citing sources.
The upward revision is due to the expansion of corporate capital investment and improved productivity.
The BOJ is expected to announce the revision in late April.
The reported new estimate compares with the Cabinet Office's
upwardly revised potential growth rate of 1.3 pct for 2005.

The recovery in Japan seems to be moving ahead at a healthy pace as previous estimates are revised upwards. This may suggest that the BoJ may also revise their plans to keep IR at zero until later this year.

Bottom line is that it will soon be TTRTRates despite Gordon's hope that he can freeze rates until the end of the year.

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  • 301 Brexit, House prices and Summer 2020

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      • down 5% +
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