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Forecast for the Japanese Economy In Fiscal 2005 and 2006: May 2005

Summary

1. Current State of the Japanese Economy

2. Outlook for Fiscal 2005 and Fiscal 2006

3. Key Points of the Outlook

1. Private Consumption

1. Current Conditions

2. Outlook for Fiscal 2005

3. Outlook for Fiscal 2006

2. Private Housing Investment

1. Current Conditions

2. Outlook for Fiscal 2005

3. Outlook for Fiscal 2006

3. Private Capital Investment

1. Current Conditions

2. Outlook for Fiscal 2005

3. Outlook for Fiscal 2006

4. Inventory Investment

1. Current Conditions

2. Outlook for Fiscal 2005

3. Outlook for Fiscal 2006

5. Government Expenditures

1. Current Conditions

2. Outlook for Fiscal 2005

3. Outlook for Fiscal 2006

6. External Demand

1. Current Conditions

2. Outlook for Fiscal 2005

3. Outlook for Fiscal 2006

7. Prices

1. Current Conditions

2. Outlook for Fiscal 2005

3. Outlook for Fiscal 2006

8. Interest and Foreign Exchange Rates

1. Interest Rates

2. Foreign Exchange Rates

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