Analysts split over outlook

Article Abstract:

Economists predict that the Japanese economy will continue its downward trend while authorities are insisting that the economy is about to end the worst recession that it has experienced since World War II. According to the Bank of Japan and the Economic Planning Agency, the economy, which is supported by government spending amounting to 100 trillion yen, is finally improving. Statistics show that capital spending and employment records continue to decline although housing investment is reportedly rising.

Japan, Forecasts, trends, outlooks, National Income & Expenditure, Capital funds & cash flow, Economic aspects

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Forecast for GDP indicates Tokyo is shifting priorities

Article Abstract:

The Economic Planning Agency expects Japan to focus more on reducing the budget deficit than increasing economic growth. This shift in economic policy indicates that the Japanese economy has achieved maturity. To achieve its goal, budget and administrative structure reforms will be implemented. The agency has predicted that GDP will rise by 1.9% starting Apr. 1, 1997, the weakest forecast since World War II. The budget deficit is estimated at 7.4% of GDP in fiscal year 1997.

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Tokyo aims to lift its profile with global-policy agenda

Article Abstract:

Japan plans to boost its profile by pushing its own global-policy agenda during discussions with some EU member nations. It is suggesting a more practical approach in regulating the global financial market and creating more flexibility among the yen, euro and the US dollar. This approach will allow Japan to take more responsibility in stabilizing the region and prevent it from being left out in the wake of the euro.

United States, International economic relations, Monetary policy

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