Japan expects 1.5% growth in FY2019

Japan’s government sees GDP growing by about 1.5 percent in fiscal 2019. Officials expect the current recovery to continue even after the planned consumption tax hike to 10 percent in October 2019.

Officials expect personal spending to increase, and predict that investment in plant and equipment will also grow solidly. They are expecting about 1.5 percent growth in real terms, excluding price fluctuations, and nominal growth of about 2.8 percent.

Looking to the current fiscal year, officials plan to lower the real growth estimate to about 1.5 percent, down 0.3 points from the January forecast. That’s partly due to housing investment being weaker than anticipated.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s