The International Monetary Fund lifts its 2023 growth forecast for Japan to 2 percent, up from its 1.4 percent prediction in July, citing "a surge in inbound tourism" as one of the major factors.
Over 80 percent of major companies in Japan expect the country's economy to expand in the next one year, supported by a recovery in personal consumption following the removal of COVID-19 restrictions, a Kyodo News survey shows
The Bank of Japan maintained its ultra loose monetary policy in the first rate-setting meeting chaired by Governor Kazuo Ueda and announced a broad review of the current stance.