Japan's government raised the economic growth estimates marginally for the fiscal year 2015.
The real economic growth is estimated to reach 1.5 percent compared to the prior forecast of 1.4 percent, the Cabinet Office said Monday.
In nominal terms, GDP is forecast to rise 2.7 percent, slightly below the previous estimate of 2.8 percent.
For the current fiscal, the government projected 0.5 percent contraction in real terms versus prior estimate of 1.2 percent.
Further, the government expects consumer prices to rise only 1.4 percent in fiscal 2015 signaling that falling oi prices weigh on the efforts to lift inflation to the 2 percent target.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.