TOKYO (AFX-ASIA) - Finance Minister Kiichi Miyazawa said the government can attain its year to March 1.2 pct GDP growth target, adding that he expects the figure to come in "a little over" that figure.
He told an upper house budget committee that tax revenue for the period is expected to be some 2 trln yen above early projections. "As this morning's October-December GDP showed a positive result, I think the growth rate for the year to March 2001 will be a little more than the 1.2 pct target," he said.
Miyazawa added: "Tax revenues for the year to March 2001 will be some 2 trln yen higher than the government's early projection."