3 Mar 2022
BOJ's Nakagawa: Japan's economic outlook remains highly uncertain from January onward
Bank of Japan (BOJ) monetary policy board member Junko Nagaya said in a statement on Thursday, “Japan's economic outlook remains highly uncertain from January onward.”
Additional quotes
Japan's exports, output continue to rise as a trend.
impact of supply constraints appeared to have peaked but automakers' output cuts continuing.
Risks to Japan's economy skewed to downside for time being, evenly balanced thereafter.
Overseas growth, mainly emerging economies, may undershoot expectations if global monetary conditions tighten more than expected.
Upward pressure on Japan's inflation may remain strong for time being.
Japan's core consumer inflation may approach 2% temporarily.