Expectations for Japan's economy continue to get gloomier. The latest forecast for GDP growth in 200...
Expectations for Japan's economy continue to get gloomier. The latest forecast for GDP growth in 2002 from Salomon Smith Barney is for a 1.8% drop, a downgrade from the company's earlier prediction of a 1.2% fall. The company is also predicting that deflation will worsen with consumer prices falling by as much as 1.7% in 2002. Tomoko Fujii, economist at Salomon Smith Barney, paints a negative picture of the external outlook for Japan. She says the economic growth in Japan's key export markets will probably slow from an estimated 5.7% in 2000 to about 1% in 2001 and is only set to incr...
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