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Japan raises FY2022 GDP growth estimate amid risks to outlook
Japan upgraded on Thursday its growth projections for the next fiscal year starting in April, saying it expected gross domestic product (GDP) to hit a record even amid risks from the Omicron variant and supply constraints, Cabinet Office officials said. The growth projection was raised to 3.2per cent for fiscal 2022 from a forecast 2.2per cent real GDP growth seen at a mid-year review in July, helped by a record extra stimulus budget approved by parliament this week.It would be the fastest growth since fiscal 2010 when the economy grew 3.3per cent in the aftermath of the global financial crisis. The stimulus spending ... (full story)