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Economy

Japan raises 2021 GDP forecast to around 4% growth

Government puts faith in new steps to ease impact of pandemic

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

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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