TOKYO -- The Bank of Japan will increase its economic growth projections for the current fiscal year and fiscal 2018, thanks to improving individual consumption as well as rising public and capital investments.
At its policy meeting next week, the central bank is expected to upgrade its forecasts for the two years by 0.1 to 0.2 percentage point. In its April meeting, the BOJ predicted that real gross domestic product growth for the current fiscal year, through March, would reach 1.6%. For the year ending March 2019, the bank estimated an uptick of 1.3%.
