An advisory panel to Prime Minister Keizo Obuchi adopted a 10-year plan Monday to convert the economy into a society based on knowledge and ideas.

Projecting an projects an annual economic growth rate of 2 percent in real terms through 2010 and an unemployment rate between 3.5 percent and 4 percent, the Economic Council said in its report that values produced by knowledge and ideas should be the new driving force for Japanese growth, corporate profits and personal satisfaction.

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