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MNI BRIEF: IMF Ups Japan 2023 GDP View To +2.0% Vs. July +1.4%

(MNI) Tokyo
(MNI) TOKYO

The International Monetary Fund on Tuesday upgraded its forecast for Japan’s gross domestic product this year to 2.0% from its July 1.4%, but left its 2024 growth forecast at 1.0%.

“For Japan, policy rates for the medium term [2026–28] are revised upward, reflecting changes to the country’s yield-curve-control framework, and long-term rates are revised upward accordingly,” the IMF’s World Economic Outlook stated.

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The International Monetary Fund on Tuesday upgraded its forecast for Japan’s gross domestic product this year to 2.0% from its July 1.4%, but left its 2024 growth forecast at 1.0%.

“For Japan, policy rates for the medium term [2026–28] are revised upward, reflecting changes to the country’s yield-curve-control framework, and long-term rates are revised upward accordingly,” the IMF’s World Economic Outlook stated.

Keep reading...Show less