Japan’s economic output recovered to near its full capacity for the first time in nearly three years, data showed, a sign the world’s third-largest economy could be finally pulling out of a prolonged, coronavirus pandemic-induced slump. | Reuters
A negative output gap occurs when actual output is less than the economy’s full capacity, and is considered a sign of weakening demand.
Under current projections, the BOJ expects the output gap to have turned positive around October last year and to continue to expand moderately. Core consumer prices in November rose 3.7 percent from a year earlier and analysts expect inflation to remain above the BOJ’s 2 percent in coming months, as companies continue to pass on higher costs to households.
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