Outlook for Economic Activity and Prices

Japan’s economy is likely to follow an improving trend with economic activity resuming and the impact of novel coronavirus (COVID 19) waning gradually, but the pace is expected to be only moderate while vigilance against COVID 19 continues. Thereafter, as the impact subsidies globally, the economy is projected to keep improving further with overseas economies returning to a steady growth path. The year-on-year rate of change in the consumer price index (CPI, all items less fresh food) is likely to be negative for the time being, mainly affected by COVID-19, the past decline in crude prices, and the “Go To … (full story)

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