20 June 2001, 09:43 Japan to downgrade 2001-02 GDP forecast to near 0%, says report
Tokyo, June 20 (BridgeNews) - Japan's Cabinet Office has decided to downgrade its gross domestic product growth forecast for the financial year 2001-02 of 1.7% to near 0%, the Mainichi Shimbun reported. The leading newspaper said Heizo Takenaka, the minister of fiscal and economic policy, will likely announce the downward revision of the GDP growth forecast at a meeting of the Council on Economic and Fiscal Policy scheduled on Thursday.
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