Japan: in April 2008 the Bank of Japan expected inflation of 1.0% for fiscal 2009/10; the outcome was −1.6%
Forecasts of 62 releases (2001–2024) for the next fiscal year (April–March): the outcome above the forecast 23 times, below 39; typical error −0.22 percentage points. The largest under-forecast in January 2021: 0.7% expected for fiscal 2022/23, the outcome was 3.0%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →