In Kochi Prefecture, given the favorable situation in domestic demand, various measures have been taken such as events to commemorate the 150th anniversary of the Meiji Restoration, and it is expected that these events will increase tourist numbers. In terms of Japan's exports, these are expected to continue their moderate increasing trend, with overseas economies expected to grow firmly on the whole.
In fiscal 2019 and 2020, Japan's economy is expected to continue on an expanding trend although the growth pace is projected to decelerate due to a slowdown in domestic demand, reflecting the effects of the scheduled consumption tax hike, cyclical adjustments in capital  1  Under a specific methodology, Japan's potential growth rate is estimated to be in the range of 0.5-1.0 percent.