Japan raises 2021 GDP forecast to around 4% growth

Government puts faith in new steps to ease impact of pandemic

Tokyo Skytree Nikkei 20201217

The Japanese government expects the economy to rebound sharply in fiscal 2021. (Photo by Takuya Ikeda)

Nikkei staff writers

TOKYO -- Japan has forecast a rise of around 4% in the country's gross domestic product for fiscal 2021, up from its prediction of 3.4% growth in July, Nikkei has learned.

The upward revision comes after the government came up with additional measures to lessen the impact of the coronavirus pandemic.

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