TOKYO, Jan 20 (Reuters) - The Japanese government will revise its forecast for the primary balance deficit in the 2020 fiscal year to 23.2 trillion yen ($282.8 billion) from a previous estimate of 21.7 trillion yen, government sources said.
The forecast revision will be submitted to the cabinet on Friday.
The Nikkei newspaper reported on Thursday that the primary balance, which measures the government's ability to pay its way without debt and is targeted to be in surplus by 2020, would be revised due to the use of a conservative economic growth scenario. For details, see
($1=82.04 Japanese yen)
(Reporting by Edmund Klamann)
((edmund.klamann@reuters.com; +86-21-6104-1799; Reuters Messaging: edmund.klamann.reuters.com@reuters.net)) Keywords: JAPAN ECONOMY/BALANCE (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The forecast revision will be submitted to the cabinet on Friday.
The Nikkei newspaper reported on Thursday that the primary balance, which measures the government's ability to pay its way without debt and is targeted to be in surplus by 2020, would be revised due to the use of a conservative economic growth scenario. For details, see
($1=82.04 Japanese yen)
(Reporting by Edmund Klamann)
((edmund.klamann@reuters.com; +86-21-6104-1799; Reuters Messaging: edmund.klamann.reuters.com@reuters.net)) Keywords: JAPAN ECONOMY/BALANCE (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.