Japanese Economy Monthly Forecast (September 2020)

Forecasts updates
▶ Our latest forecast for Japan’s real GDP growth in 2020 Q3 is an annualized +12.4% QoQ.

▶ We forecast a PCE deflator of +0.3% QoQ in 2020 Q3. In contrast, our GDP deflator forecast is -0.1% QoQ, reflecting the deteriorating terms of trade.

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