HSBC cuts GDP growth estimate for Japan – more easing to come via ForexLive

HSBC has cuts its GDP growth estimate for Japan and say three is more easing to come in 2015

• Revises down its estimates on Japan's real GDP growth to 0.3% from 0.9% for 2014
• To 0.6% from 1.0% for 2015
• Cites “much” weaker-than-expected 3Q GDP figure and the lower base that therefore implies for 2015

HSBC has raised its 2016 growth projection to 0.9% from 0.5%

• Says  household spending and private investment will no longer be subject to downward pressure from higher taxes

They go on to say they expect the BOJ to deliver additional easing as early as 2Q 2015

posted via ForexLive