More
Six years of deflation may finally be coming to an end, as the Japanese government has doubled its forecast for the rate of economic growth this fiscal year to 3.5 percent, the fastest pace in eight years
After years of falling prices and stagnant tax revenue, the momentum for economic growth is welcomed news. The turnaround will also help Prime Minister Junichiro Koizumi meet his goal of curbing Japan's $6.6 trillion in public debt-the world's largest.
As for other major economies, the Federal Reserve predicts U.S. growth of as much as 4.75 percent this calendar year, while the European Central Bank's outlook for 2004 growth in the 12-nation euro region is 1.7 percent.
With access to over one million professionals and more than 60 industry-specific publications,
