Japan govt weighs raising FY22 growth forecast to +3.0% or more -Yomiuri By Reuters

Japan govt weighs raising FY22 growth forecast to +3.0% or more -Yomiuri By Reuters
Japan govt weighs raising FY22 growth forecast to +3.0% or more -Yomiuri© Reuters. FILE PHOTO: Buildings under construction are seen in a general view from Tokyo Tower of the city of Tokyo, Japan, August 6, 2021. Picture taken August 6, 2021. REUTERS/Clodagh Kilcoyne

TOKYO (Reuters) -Japan is considering raising its forecast for fiscal 2022 real gross domestic product (GDP) growth to 3.0% or more after taking into account the impact of a record $317 billion extra budget, the Yomiuri newspaper reported.

The projection would be an upgrade from a forecast for 2.2% real GDP growth for the fiscal year starting in April 2022 released at a mid-year review in July.

“The projected growth figure is not that overly bullish, considering the continued growth thanks to eased restrictions and a high vaccination rate,” said Saisuke Sakai, senior economist at Mizuho Research and Technologies.

“Yet it does not…

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