IMF may raise growth forecast for Japan

The International Monetary Fund said on Friday 21 May that it is likely to raise its forecast for Japan's economic growth from its current estimate of 3.4 percent for this year when it issues its next global economic outlook.

"We are likely to revise our forecast for Japan upward to four percent from 3.4 percent," Daniel Citrin, deputy director of the IMF's Asia and Pacific Department, told a news conference.

"Although risks remain, particularly from external factors, growth could be as high as

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