Japan raises its fiscal year economic outlook to 1.1 percent, and may accelerate to 1.3 percent next year.

Foreign media: The Japanese government has raised its economic outlook for the current fiscal year to 1.1% growth, and expects next fiscal year's growth to accelerate to 1.3%. This is the first economic forecast released by Prime Minister Hayashibara after taking office, backed by a 21.3 trillion yen (about 136.7 billion US dollars) stimulus plan launched by the government.

The government expects consumption to grow by 1.3% next year, and capital expenditure to increase by 2.8%, mainly driven by tax cuts and subsidy policies. This forecast will be used to formulate the budget for the next fiscal year, which is expected to reach a record high, raising concerns in the market about excess debt supply and rising government bond yields.

Original article: toutiao.com/article/1852450587908096/

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