BBG: Japan Cabinet Office Releases Statement on FY2013 GDP Forecast

  • Forecast 2013 real GDP to rise 1.7%
  • 2013 nominal GDP to rise 1.9%
  • 2013 GDP deflator at 0.2.
  • CPI forecast fir 2013 is 0.5%.
  • Japan to keep 44 trln Yen spending cap on new bond sales next year.
  • To keep 10% public works spending cut in fiscal 2013 .
  • To cap general spending ex debt payments at 71 trln Yen .

Japan forecast signal deflation’s end even amid price declines. Market volatility from Europe, debt woes, Yen rise, power constraints are risks to economic outlook . Japan expected to recover moderately on robust domestic demand.-rtrs

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