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- External Demand Drives Japan's Fragile Recovery to Near-Zero Growth -- Revised Economic Forecast for FY 2002
External Demand Drives Japan's Fragile Recovery to Near-Zero Growth -- Revised Economic Forecast for FY 2002
Koichi Haji
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- In fiscal 2002, while exports to the recovering U.S. economy will continue to lead Japan's modest recovery, weak domestic demand including the decline in business fixed investment will keep the economy's real growth rate near zero at 0.1%. Due to persistent deflation, the nominal growth rate will be negative at -1.0%. In fiscal 2003, real growth will improve to 1.1%, while nominal growth will hover near zero at 0.3%.
- The recovery is fragile in that it is driven solely by external demand. Many hurdles impede a sustained expansion, including the sustainability of the U.S. recovery and risk of renewed financial system instability in Japan. Thus any attempt to slash the fiscal deficit poses a large risk of ending the recovery prematurely.

Koichi Haji
Research field
レポート紹介
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研究領域
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経済
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金融・為替
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資産運用・資産形成
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年金
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社会保障制度
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保険
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不動産
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経営・ビジネス
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暮らし
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ジェロントロジー(高齢社会総合研究)
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医療・介護・健康・ヘルスケア
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政策提言
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注目テーマ・キーワード
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統計・指標・重要イベント
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媒体
- アクセスランキング