Considering upward revision to next year's economic growth rate of about + 1.4%
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The government is considering increasing the economic growth rate for the next fiscal year to about 1.4% in real terms, excluding price fluctuations, and making upward revisions from the previous forecast. We expect domestic demand to be supported by the effects of new economic measures.
The government is proceeding with the analysis of the economic situation that presupposes in parallel with the formulation of the budget plan for the next fiscal year. doing.
This is an upward revision of 0.2 points from the forecast of about 1.2% shown in July.
Overseas economies have slowed against the backdrop of trade friction between the United States and China, but the government has taken new economic measures that include recovery and recovery from a series of disasters and preparations for economic downside risks. We believe that this will support domestic consumer spending and capital investment.
Based on this economic outlook, the government will estimate tax revenues for next year and decide on a budget for the next year during the next week.