Forecast for the Japanese Economy in Fiscal 2014 and 2015: November 2014

Even if the Economy Bottoms Out, the Pace of Recovery Will Be Moderate

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1. Outlook for the Japanese Economy in Fiscal 2014 and Fiscal 2015 – Even if the Economy Bottoms Out, the Pace of Recovery Will Be Moderate

(1)Current State of the Economy: Two Consecutive Quarters of Negative Growth
(2)Outlook Going Forward: Has Abenomics Been a Failure?
(3)Outlook for Fiscal 2014 and Fiscal 2015: Recovery Will Only Be Gradual after the Economy Bottoms Out

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