The rate of real GDP growth on a fiscal-year basis is likely to be around 0 percent in fiscal 2008 and around 0.5 percent in fiscal 2009, and the growth rate for fiscal 2010 is expected to be around the potential growth rate.
The future of Japan's economy relies heavily on the recovery of overseas economies and also on the stability of global financial markets, which will form the basis for the recovery of the world economy. Growth in overseas economies is likely to continue to slow in coming quarters.