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Extraction Summary

1
People
6
Organizations
4
Locations
1
Events
1
Relationships
4
Quotes

Document Information

Type: Economic research brief
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Summary

Bank of America Merrill Lynch presents an optimistic economic outlook for Japan, titled "Ready for ignition." The report argues that the consensus underestimates Japan's medium-term GDP and inflation, forecasting higher growth and inflation for CY2017 and CY2018, driven by aligned fiscal/monetary policies and recovering domestic demand. The primary risk factor identified is policy uncertainty from the United States, particularly regarding protectionism and trade following the Trump presidency.

People (1)

Name Role Context
Izumi Devalier

Timeline (1 events)

Trump presidency

Locations (4)

Location Context
US

Relationships (1)

Key Quotes (4)

"We are upbeat on Japan's outlook and think consensus is underestimating the strength of medium-term GDP and inflation."
Source
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Quote #1
"For the first time in four years both monetary and fiscal policy are supporting growth."
Source
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Quote #2
"External developments pose the greatest risk to our forecasts, chief among them US policy uncertainty."
Source
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Quote #3
"The downside scenario for Japan is a combination of rising US protectionism, sliding global trade, and a stronger yen, which could reduce 2017 growth to zero."
Source
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Quote #4

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