Japan economic ‘roadmap’ leak getting another outing after disastrous economic slump data

Q1 GDP data from Japan confirmed the enormous contraction:

• Japan’s Q1 GDP (revised) -1.8% (annualized) – massive economic slump

Almost as if in response the draft of the Jap[anese government’s annual economic blueprint has once again been sighted by Reuters.

This happened last week too:

• Japan’s government to warn of weak yen

This time around:

• Japan’s government will
  highlight the need to work closely with the central bank and
  guide policy “flexibly” in the wake of soft consumption and
  uncertainty over the inflation outlook
• government said consumption “lacked momentum”
• the outlook on pricesis unclear due in part to the effect of recent yen declines
• flagged lingering overseas risks such as the fallout from monetary tightening by central banks across the globe, and worries about soft Chinese growth

Japan PM Kishida

This article was written by Eamonn Sheridan at www.forexlive.com.