12 February 2002, 09:51 Shiokawa - Govt to set yr to March 2004 growth target of 1 pct
TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said the
government will set a growth target of 1 pct for the year to March
2004, reiterating the target of zero growth for the previous year.
"I offered explanations of the plan to set a 1 pct growth target in
the year to March 2004 at the G7 meeting in Canada. This is the goal we
must accomplish," Shiokawa told a regular press briefing.
"The government forecasts growth for the year to March 2003 will be
zero. The government will take steps to prevent deflation, including
measures to sustain stock prices," he said.
"I also told G7 ministers that Japan will work out tax reforms in
June."
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