Forecast for the Japanese Economy In Fiscal 2012 and 2013: November 2012

Even if the Economy Can Quickly Emerge from a Period of Downturn,Its Resilient Power for Recovery Is Weak

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1. Outlook for the Japanese Economy in Fiscal 2012 and Fiscal 2013 — Even if the Economy Can Quickly Emerge from a Period of Downturn, Its Resilient Power for Recovery Is Weak.

(1)Current State of the Economy: High Possibility that the Economy Has Entered a Period of Downturn
(2)The Key Points Regarding Economic Trends Going Forward: When Will the Economy Shift to Recovery?
(3)Outlook for Fiscal 2012 and Fiscal 2013: Recovery Dependent on External Demand with Continued Risk of a Prolonged 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