BOJ: Japan's economy to remain in sever situation for the time being due to coronavirus spread

Reuters is out with the key headlines from the Bank of Japan (BOJ) quarterly economic outlook released along with the monetary policy statement on Monday.

• Japan's economy to remain in sever situation for the time being due to coronavirus spread 
• consumer inflation likely to be weak due to spread of coronavirus, oil price falls
• Japan's economy likely to improve on pent-up demand once virus impact subsides
•  inflation likely to gradually accelerate as economy improves
•  expects spread of coronavirus to gradually subside globally towards latter half of this year

median core CPI forecast for fiscal 2020/21 at -0.7 to -0.3% vs +1.0% in Jan

• board's median core CPI forecast for fiscal 2021/22 at 0-0.7% vs +1.4% in Jan
• median core CPI forecast for fiscal 2022/23 at +0.4 to 1.0%
• for FY 2019 +0.6%

real GDP forecast for fiscal 2020/21 at -5.0 to -3.0% vs +0.9% in Jan

• for fiscal 2021/22 at +2.8% vs +1.1% in Jan
• for fiscal 2022/23 at +3.9%
• for fiscal 2021/22 at +2.8% to +3.9%
• for FY 2019 -0.4% to -0.1%