Semiannually, in April and October, the Bank releases the Outlook for Economic Activity and Prices, or the Outlook Report for short, in which it makes public its forecasts for economic activity and prices for the next two to three years.
In the October Outlook Report released recently, the forecasts for the year-on-year growth rate of Japan’s real GDP were 0.3 percent for fiscal 2011, 2.2 percent for fiscal 2012, and 1.5 percent for fiscal 2013.