JAPAN FORECASTS ECONOMIC GROWTH FOR FISCAL 2021 AT 4.0 PERCENT

Highlights –

• Japan forecasts economic growth for fiscal 2021 at 4.0 percent.
• A public spending policy package of $710 billion has been implemented by the Cabinet Office.
• The Cabinet Office estimated the country's GDP to likely shrink by 5.2 percent for fiscal 2020.
• The government projected private consumption is to expand 3.9 percent in fiscal 2021.