Japanese government raises its FY2018 GDP growth forecast to 1.8%

The Japanese Cabinet Office came out with its latest growth forecasts on Tuesday, with the key revisions found below.

Japanese government raises its FY2018 GDP growth forecast to 1.8%.

Nominal GDP growth maintained at 2.5%.

CPI forecast lowered to 1.1% versus the previous forecast for FY2018 at 1.3%.