Nichi-Bei News

News and Information from the Japan-America Society of Washington DC

August 16, 2006

Think Tanks Expect Steady Growth in Japan's Economy

Ten private think tanks expect Japan's economy to continue growing steadily in fiscal 2006, thanks to personal spending and corporate capital expenditures.

Their average estimate of growth for Japan's real gross domestic product growth is 2.5 percent for the fiscal year ending March 2007.

The same ten think tanks estimate that growth in the following year - through March 2008 -- will average 2.1 percent.