JAPAN DATA: Japan’s government is expected to revise.

JAPAN DATA: Japan’s government is expected to revise down its
official forecast for economic growth for this fiscal year to somewhere
between zero and 0.3% from its December projection for a 1.5% real
growth rate, a former senior government researcher said. Takao Komine,
a professor of economics at Hosei University in Tokyo, also noted that
the consensus call for fiscal 2011 GDP among economists is for +0.1%. He
was director of the Research Bureau of the then Economic Planning Agency
(now the Cabinet Office) from 1999 to 2001. The government plans to
update its growth and inflation outlook for fiscal 2011 in July.