Japan's government forecast real economic growth of 1.7 percent in the fiscal 2013 following an anticipated expansion of 2.2 percent in the current year.
According to the latest estimate published by the Cabinet Office on Friday, nominal GDP growth is set to exceed inflation-adjusted real growth, as nominal growth is seen at 1.9 percent in the fiscal year beginning April 2013.
For fiscal 2013, the government sees a 0.5 percent increase in consumer prices and the current year inflation at 0.2 percent.
by RTT Staff Writer
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