📧 Communication

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.