Bloomberg News

Goldman Cuts Japan Economic Growth Forecast to 0.1% From 0.2%

October 03, 2011

Oct. 4 (Bloomberg) -- Goldman Sachs Group Inc. said it cut its forecast for Japan’s real economic growth during the fiscal year ending March 2012 to 0.1 percent from 0.2 percent due to a slowdown in global expansion.

Goldman also reduced its gross domestic product forecast for next fiscal year to 2.1 percent from the previous 2.5 percent, it said in an e-mailed statement released today.

To contact the reporter on this story: Ken McCallum in Tokyo at kmccallum4@bloomberg.net

To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net


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