Flash: Japanese economic outlook better than expected considering... - Nomura

FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto feels that while a pessimistic view on the Japanese economy may become more widely accepted in the short term, as financial markets remain unstable and the likelihood of the Fed's tapering rise, the Japanese economic outlook remains better than expected since the regime change.

He writes, “The consensus economic outlook has been raised gradually and economic data released today justify the upgrade. Our growth forecast for 2013 has been raised by 0.9pp since October, from 0.7% to 1.6%. Thus, we judge it premature to change mid-term views on Japanese equity and USD/JPY even though they may be volatile for now”