Japan to forecast 4% GDP for fiscal year 2021 – Nikkei

Omkar Godbole FXStreet Contributor

The Japanese government is planning to forecast a gross domestic product (GDP) growth of 4% for the fiscal year 2021 (April 2020 to March 2021), according to nikkei.com.

That would mark an upward revision from the previous projection of 3.4% made in July.

According to Reuters, Japan approved a third supplementary budget earlier this week to fund the $708 billion stimulus package to help the economy recover from the coronavirus-induced slump in the second quarter.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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