Japanese media had the reports earlier, in brief:
Bank of Japan is likely to revise down GDP forecastsMay lower both Fiscal Year 25 and FY26 GDP forecasts to below 1%Nikkei (gated) has more.
The Bank of Japan statement is due today. There is no specific time that the Bank announce. Its reasonable to expect it sometime in the 0230 - 0330 GMT window. The Bank is expected to keep the policy interest rate at 0.5%, analysts mainly citing the unpredictable US trade policy fuelling economic uncertainty domestically and in Japan, and more globally.
Indeed, the US is already looking like its in recession:
US Q1 advance GDP -0.3% vs +0.3% expected This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Headlines crossing saying the BoJ is likely to slash its GDP forecasts - from 4 days ago )
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