Bank of Japan Explains Output Gap and Potential Growth Rate Estimates
The Bank of Japan explains its 'output gap' and 'potential growth rate' estimates, crucial indicators for assessing economic activity and price conditions. These data are regularly prepared and released quarterly on the Bank's website.
Key indicators for Japan's economy
The Bank of Japan utilizes the 'output gap' and 'potential growth rate' to assess economic activity, price pressure, and long-term growth capacity. These indicators are crucial for judging economic conditions, but are inherently estimates, not objective data.
Quarterly data, interpret with care
The Bank of Japan's Research and Statistics Department releases these estimates quarterly on its website, typically on the third business day of January, April, July, and October. It advises caution, as estimates vary by method and are subject to inherent errors.