The government on Wednesday adopted an official projection of zero economic growth in real terms for fiscal 2002, turning in its lowest-ever fiscal year growth target.
The nation’s gross domestic product will shrink 0.9 percent in nominal terms to 496.2 trillion yen, but continued deflation — with wholesale prices likely to fall 0.8 percent and consumer prices 0.6 percent — will offset the fall in real terms, the government said.
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