The Nikkei reporting on the latest GDP forecast from the government in Japan
- Its for Fiscal Year 2017 (April 2017 to March 2018)
- At +1.5% GDP growth
via Bloomberg
More (Via Reuters):
- Japan's government is set to forecast real economic growth of around 1.5 percent
- Nominal growth of about 2.5 percent for the next fiscal year from April
- Reuters citing two government officials involved in the projection process (on condition of anonymity because they are not authorised to speak to media.)
Projections have not yet been finalised
- Can change slightly by the time the government announces the figures on December 20
- The growth projections will be used to compile next year's budget draft (expected to be endorsed by the cabinet on December 22)
- The projections compare with this fiscal year's forecast of a 0.9 percent expansion in price-adjusted real terms and 2.2 percent nominal growth
- The government usually issues economic projections for the coming fiscal year in December when compiling the annual budget, and revises them around mid-year
