Exports are expected to continue their moderate increasing trend on the back of the growth in overseas economies, and business fixed investment and private consumption are likely to follow an increasing trend on the back of highly accommodative financial conditions and underpinnings through the government's past stimulus measures.
According to the January 2018 Outlook Report, the medians of the Policy Board members' forecasts of the real GDP growth rates for fiscal 2017 and 2018 are 1.9 percent and 1.4 percent, respectively (Chart 7). These figures are  3  above Japan's potential growth rate, which is estimated to be in the range of 0.5-1.0 percent.