Japan’s economic boom, now in its fourth...
Japan’s economic boom, now in its fourth year, will extend into the new year with the gross national product topping $2.78 trillion (400 trillion yen), for the first time, according to a government forecast.
The outlook said the domestic economy will sustain the growth in fiscal 1990, starting April 1, led by steady personal consumption and corporate investment in plant and equipment.
The government, however, projected a slower economic expansion than the pace in the current year because of a smaller external trade surplus and mild inflation. The domestic economy was projected to grow a net 4%, compared to an estimated 4.6% this year.
Encouraged by sustained economic expansion, the government revised upward its original projection of 4% growth for the current fiscal year.
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