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Forecast for the Japanese Economy in Fiscal 2009 and 2010: February 2009
-- 2009: Darkness Even Following the Dawn --

Summary

1. Outlook for the Japanese Economy in Fiscal 2009 and Fiscal 2010
-- 2009: Darkness Even Following the Dawn

(1)Current State of the Economy

(2)Difficult Adjustments to Continue in First Half of 2009

(3)Will Imports Decline?

(4) Dawn Will Always Come

(5) But Adjustments Will Continue Even after Dawn Has Come

(6) Growing Consensus Favoring a Major Policy Response

2. Forecasts of Economic Activity by Sector

(1)Corporations

(2)Households

(3)Government

(4)Trends in Overseas Economies

3. Forecasts for Prices and Financial Markets

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