The Economic Planning Agency announced Thursday it has revised upward its economic growth projection for fiscal 2000 to around 1.5 percent in real terms from the original 1 percent predicted last December.
Agency officials said the move was in line with an increase in consumer spending and private-sector equipment investment.
The EPA's upward revision of growth in gross domestic product -- the total value of goods and services produced within the country -- was reported to a joint meeting of Cabinet ministers in charge of economic policies and the Government-Ruling Parties Budget Conference, convened Thursday morning to adopt an 11 trillion yen economic stimulus package.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.