P. M. Briefing : 5.3% Growth Forecast in Japan
From Times Wire Services
TOKYO —
Japan’s economy will grow a net 5.3% in fiscal 1989 and 4.6% in 1990, a Japanese commercial bank predicted today.
The Industrial Bank of Japan based its prediction on brisk personal spending and steady growth of disposable income by wage earners.
The bank said the Japanese economy will continue sustained growth for years to come.
Government reports have said the Japanese economy has expanded for 35 months in a row, the third-longest period of uninterrupted growth in postwar Japan.
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