Forecast for the Japanese Economy In Fiscal 2013 and 2014: June 2013

The Trend toward Improvement Will Strengthen,but Overly Optimistic Expectations Will Fade

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1. Outlook for the Japanese Economy in Fiscal 2013 and Fiscal 2014 – The Trend toward Improvement Will Strengthen,but Overly Optimistic Expectations Will Fade

(1)Current State of the Economy: The Economy Is Showing Improvement
(2)Will Expectations Be Fulfilled? Fading of Expectations Will Be Unavoidable
(3)Outlook for Fiscal 2013 and Fiscal 2014: As Optimistic Expectations Fade, a Surge in Demand Will Emerge

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