Reuters reporting from Japanese govt sources 12 July 2016
- govt expects fiscal 2017 CPI at 1.4%
- cuts fiscal 2016 GDP to +0.9% vs +1.7% prev
Reuters claiming an exclusive preview on this forecast cut which comes in below BOJ expectations. The assessment is due to be finished tomorrow (Wed).
Lower forecasts would naturally support further stimulus and hence another spike just now in yen pairs.
