Given these factors, domestic demand is likely to maintain firmness as external demand is expected to increase. After the second half of fiscal 2014, Japan’s economy is likely to continue growing at a pace above its potential as a virtuous  BIS central bankers’ speeches  3  cycle among production, income, and spending will be maintained.
The median of the Policy Board members’ forecasts for fiscal 2014 remains more or less unchanged from that in the July 2013 interim assessment.