BOJ DOWNGRADES FY 2021/22 GROWTH AND INFLATION OUTLOOKS
• Core CPI median forecast for fiscal 2021/22 at 0.0% vs +0.6% in July
• Core CPI median forecast for fiscal 2022/23 at +0.9% vs +0.9% in July
• Core CPI median forecast for fiscal 2023/24 at +1.0% vs +1.0% in July
• Real GDP median forecast for fiscal 2021/22 at +3.4% vs +3.8% in July
• Real GDP median forecast for fiscal 2022/23 at +2.9% vs +2.7% in July
• Real GDP median forecast for fiscal 2023/24 at +1.3% vs +1.3% in July
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• Core CPI median forecast for fiscal 2021/22 at 0.0% vs +0.6% in July
• Core CPI median forecast for fiscal 2022/23 at +0.9% vs +0.9% in July
• Core CPI median forecast for fiscal 2023/24 at +1.0% vs +1.0% in July
• Real GDP median forecast for fiscal 2021/22 at +3.4% vs +3.8% in July
• Real GDP median forecast for fiscal 2022/23 at +2.9% vs +2.7% in July
• Real GDP median forecast for fiscal 2023/24 at +1.3% vs +1.3% in July
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