The Medium-Term Forecast for Japanese Industry
and the Challenges it Must Face:
Improving Japan's Quality of Life and Ensuring Full Employment Through Structural Economic Reform
Table 1.
Macroeconomic Environment
(A) The Desirable Scenario (Annual Average Values, %)
1995 - 2010
Real Economic Growth Rate Approx. 2.5% to 3.2.%
Consumer Price Approx. 1.0%
Unemployment Rate From 3.5% to approx. 2.0%
Current Balance
(as ratio of GDP) From 2.5% to approx. 1%
Yen Exchange Rate Stable at approx. 100 yen/ 1ドル.00
(B) The Status Quo Scenario (Annual Average Values, %)
1995 - 2010
Real Economic Growth Rate From 0.5% to under 2%
Consumer Price From 0.5% to 1.0%
Unemployment Rate From mid 3% to 4%
Current Balance
(as ratio of GDP) From 2.0% to -0.5%
Yen Exchange Rate After sharp rise, will fall
due to loss of competitiveness
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