18 December 2001, 09:10 Takenaka sees GDP growth around zero next FY
TOKYO (AFX-ASIA) - State Minister for Economic and Fiscal Policy
Heizo Takenaka said he sees zero GDP growth next fiscal year, declining
to comment on the possibility of negative growth that many private
sector economists predict.
"I explained at a meeting (of the ruling General Council of the
ruling Liberal Democratic Party) that next fiscal year's economic
growth will be around zero," Takenaka told reporters after the meeting.
"You will find out sooner rather than later," he said, asked about
the possibility of negative growth, adding that the government's
official economic forecast will be set tomorrow.
Takenaka has previously said private-sector economic forecasts are
too pessimistic as they fail to take into account additional government
spending in the latest second supplementary budget.
© 1999-2024 Forex EuroClub
All rights reserved