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Japan govt weighs raising FY22 growth forecast to +3.0% or more -Yomiuri -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A view of Tokyo Tower, Tokyo, Japan. August 6, 2021. Picture taken August 6, 2021. REUTERS/Clodagh Kilcoyne

TOKYO (Reuters] – Japan considers raising its projection for fiscal 2022 real domestic product growth (GDP), to 3.0% or higher after taking into consideration the effect of a record $317billion extra budget, Yomiuri newspaper reported.

It would represent an increase from the forecast of 2.2% real GDP for fiscal year beginning in April 2022, which was published at mid-year reviews in July.

Cabinet was to approve the forecast after Parliament approved Thursday’s extra budget of 36 trillion Japanese yen (316.73 million dollars) for the current fiscal.

($1 = 113.6600 yen)

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