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.Hence then, the article about headlines crossing saying the boj is likely to slash its gdp forecasts from 4 days ago was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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