PPT Slide
- Recession is over, but growth remains weak. Oil?
- Consumer and business confidence are rising, but still low.
- Financial situation continues to improve
- The progress on financial reform is slow, but more and more effective. Softbank to buy Nippon Credit Bank.
- Finally sold Long-Term Credit Bank. Financial institutions are merging (Industrial Bank of Japan, Fuji and Dai-Ichi Kangyo have formed an alliance, for example) and restructuring.
- Fiscal policy will be a drag on growth in 2000 and 2001
- Private sector recovery will drive growth of 1.9% and 3.1% in 2000 and 2001.