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Forecast for the Japanese Economy in Fiscal 2009 and 2010: November 2009
-- Avoiding a Second Downturn amid Concerns about the Magnitude of a Reactionary Decline. --

Summary

1. Outlook for the Japanese Economy in Fiscal 2009 and Fiscal 2010
-- Avoiding a Second Downturn amid Concerns about the Magnitude of a Reactionary Decline.

(1)Current State of the Economy: Bottoming Out Continues Supported by Exports and the Positive Effects of Stimulus Policies

(2)Economic Outlook: Concerns about a Reactionary Decline and the Delay in the Permeation of the Domestic Demand Recovery

(3)Outlook for Fiscal 2009 and Fiscal 2010: Plateauing of the Economy Will Also Avert a Second Downturn

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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