Japan to Raise Next Fiscal Year’s Growth Forecasts, Reports Say

The Japanese government will raise its economic growth predictions for next fiscal year as it sees stimulus measures driving a recovery from recession, according to Japanese media reports.

The government will raise its real gross domestic product forecast for the year that starts in April to 2.5 percent, according to separate reports today from Kyodo News and the Nikkei newspaper. They didn’t say where they got the information. Nominal GDP will grow 2.7 percent in the year, according to the reports.