Japan revises outlook for economic growth up

The Japanese government on Wednesday revised its forecast for economic growth for the fiscal year through March 2005 upward to 3.5 percent.

The Cabinet Office had previously predicted that gross domestic product, or the value of goods and services a nation produces, would grow 1.8 percent.

If the revised figure is achieved, a 3.5 percent expansion in GDP would be the largest in eight years, since the 3.6 percent growth logged in fiscal 1996, according to the Cabinet Office.

Although Japan, the