BOJ Seen Cutting Growth Forecasts on Soft Spending, Says Ex-Central Bank Executive

The Bank of Japan will likely cut its economic forecasts at its next quarterly review in October, as slowing global demand and a resurgence in COVID-19 infections hurt exports and consumption, the bank’s former top economist Seisaku Kameda said on Monday. Japan’s economic recovery is at a “critical juncture” as consumption appears to have stalled during the summer,…

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