Japan's recession risk has risen from 3 months ago - Reuters poll

Omkar Godbole FXStreet Contributor

The probability of Japan slipping into a recession in the fiscal year April 2019-March 2020 has increased in the last three months, a Reuters poll of economists found.

Key points (Source: Reuters)

Japan will probably manage to avoid a recession in the year starting in April, growing 0.8 percent, the outlook is shaky.

At least 80 percent chance that the government will raise the sales tax to 10 percent in Oct as scheduled, said 27 of 39 economists.

Japan FY2018 GDP forecast +0.7 percent, FY2019 +0.8 percent (vs +0.9 percent, +0.8 percent in Dec poll)

Japan FY2018 core CPI forecast +0.8 percent, FY2019 +0.6 percent excluding the effects from the planned sales tax hike (vs +0.9 percent, +0.7 percent in Dec poll.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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