Outlook for Japan's Economic Activity Now I will turn to the outlook for Japan's economy. In the latest Outlook Report released at the end of April, the Bank presents its projections for Japan's economic activity through fiscal 2020.
In terms of the medians of the Policy Board members' forecasts, the real GDP growth rate is projected to register relatively high growth of 1.6 percent in fiscal 2018 and continue to mark positive growth of 0.8 percent in fiscal 2019 and fiscal 2020 (Chart 5). In fiscal 2018, the mechanism supporting the current favorable economic conditions is expected to continue operating.