Tuesday, April 21, 2009

The completion period of deteriorating growth prospects of Japan

The Japanese government is finalizing the last phase of revisions to forecasts of economic growth for the worse, as a result of the last fiscal year, Nikkei reported in its morning news. After a lengthy period of severe reduction in forecasts of economic growth, it is expected that the decrease in GDP was 3.0%, compared with the previous year. Adopted a package of measures, the volume of 15 trillion. yen, however, is expected to keep the economy from a reduction in the coming year to 2%, according to the Ministry of Finance.

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