Analysts trim Japan's GDP forecast for H2, see feeble Q3 rebound

Tokyo

THE Bank of Japan's (BOJ) confidence in underlying economic growth is wavering in the face of evidence of weakness, making officials cautious about the outlook for a pick-up in inflation, according to people familiar with the discussions.

For months, BOJ officials regarded a downturn in the economy in the second quarter as a temporary soft patch, with growth and inflation likely to pick up in ensuing months.