Japan upgrades FY 2021 economic growth forecast to record real 4%

Japan’s government upgraded on Friday its economic growth forecast for fiscal 2021 to a record real 4.0 percent, expecting its latest coronavirus stimulus package to boost the economy back to a pre-pandemic level. The Cabinet Office upgraded the projection for the year starting in April from 3.4 percent growth in the previous estimate in July. The Organization for Economic Cooperation and Development and the International Monetary Fund forecast Japan will expand 2.3 percent in 2021 in an estimate released earlier this month and October, respectively. If realized, the economic expansion for the…

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HEDGE accordingly