Japanese GDP Projection for 2009 to be Raised

Posted by Jim Ivanoff
December 14th, 2009

The Nikkei Newspaper has reported that it is expecting the Japanese government to raise its GDP growth forecast to the mid-1% level. In July, the government projected growth of 0.6% for the year. The improved growth forecast is being attributed to stronger recoveries in industrial production and exports. Stimulus spending is also seen as being a contributing factor.

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