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Analysts drop Q2 Japan growth expectations
http://atimes.com/2015/08/analysts-drop-q2-japan-growth-expectations/Analysts drop Q2 Japan growth expectations
By Asia Unhedged on August 11, 2015
Is Japan’s economy slowing too?
That’s what Japanese analysts are saying. A new survey of about 40 major think tanks released Tuesday reported analysts predicting the world’s third-largest economy will grow 1.21% for the year ending March 2016. It’s a big drop from the 1.66% expected in last month’s survey, and the Bank of Japan’s rosy outlook of 1.7% growth.
It’s another sign that Abenomics, Prime Minister Shinzo Abe’s focus on fiscal stimulus, monetary easing and structural reforms to kick-start the economy, is stumbling.
The ESP survey is conducted by a semi-government body and considered Japan’s most comprehensive poll.