Japan growth outlook revised up on stimulus package, weaker yen
News On Japan via Reuters -- Jan 24
Analysts raised growth forecasts for Japan for the next fiscal year ending in March 2014 as the new government's stimulus spending, expectations of further monetary policy easing and the yen's retreat will help the economy, a Reuters poll showed.
The poll was conducted on January 15-18, before the Bank of Japan, responding to intense political pressure, doubled its inflation target to 2 percent and announced a switch to open-ended commitment to asset buying.
But analysts said the latest steps -- the widely anticipated adoption of the new inflation goal and a policy makeover which would only take effect next year -- did not radically change the overall outlook.
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