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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.