BOJ lowers economic growth rate outlook 5.7 to -4.5%

BOJ lowers economic growth outlook Minus 5.7 to Minus 4.5% 12:29 on July 15

The Bank of Japan cut its outlook for economic growth this year at a monetary policy meeting held until the 15th.

The forecast for growth rate, which had been -5% to -3%, has been changed from 5.7% to -4.5%.

The downturn in the economy due to the new coronavirus is larger than initially expected, and it is said to be extremely severe.