Government Expects Japan Economy to Grow
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Japan's economy will likely expand 1.6 percent in the fiscal year starting in April, slower than the expected pace for the current fiscal year because of dwindling capital expenditures and housing investment, the government said Monday.
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JapanÂs economy grew at a slower pace than previously reported in the most recent quarter, a sign that a long expansion may be losing steam.
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Economic growth is expected to top 7 percent for East Asia and Pacific (excluding Japan) in 2004, while developing economies in the region are expected to expand by more than 8 percent, the World bank said here on Tuesday.
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Japan's economic recovery is on track as structural reforms take root but soaring global oil prices pose a question mark, the central bank chief says.
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Japan&#39;s economy grew 0.3 percent in April-June from the previous quarter, less than the 0.4 percent growth rate initially estimated, the government said Friday.
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Japan's business confidence is improving and firms are set to boost investment in the coming months.
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Japan saw its economy grow at a faster pace than  expected in the three months to June, officials figures show.
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Japan's new prime minister names his economic team but is urged to outline plans to maintain Japan's growth.
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China&#39;s economy was expected to grow by about nine percent this year, a senior official with the State Development and Reform Commission was quoted as saying by the Beijing News on Saturday.
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Japan's central bank maintained its ultra-loose monetary policy to support the economy while forecasting there could be a slight rise in inflation next year, although that would not necessarily mean a change in its stance on interest rates.
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Japan's economy has marked its longest economic expansion since World War II, according to a government report released yesterday.
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Finance Minister Palaniappan Chidambaram said on Friday it was possible to raise average economic growth to 7-8 percent in the next 12 years and the country was set to become an economic superpower.
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Japan's economy, the world's second largest, grew more quickly than many experts forecast, state figures show.
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Japan should do more to end deflation, cut its budget deficits and optimize its labor market to sustain the country's recent economic growth, the Organization for Economic Cooperation and Development said Thursday.
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Japanese stocks may rise after a US government report showed accelerating job growth, suggesting that the world&#39;s largest economy is emerging from a midyear lull.
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Prime Minister Junichiro Koizumi said he wants Japan&#39;s economy to recover ``at a steady pace&#39;&#39; as the central bank released redesigned Japanese bank notes for the first time in 20 years.
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Japanese authorities and residents of Tokyo should bolster preparations for a major earthquake that could hit the capital and kill thousands of people, the head of a government earthquake panel said on Wednesday.