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Miyazawa predicts end to recession by next winter.

TOKYO, Dec. 8 Kyodo Finance Minister Kiichi Miyazawa said Wednesday that Japan would see an end to its economic recession "by this time next year."

Miyazawa also said he expects the government to end most of its stimulative fiscal policy with the fiscal 2000 budget, indicating that the government should shift its economic policy priority toward fiscal rehabilitation and away from aggressive spending in fiscal 2001.

The finance minister was speaking at a session of the House of Councillors Budget Committee.

Taichi Sakaiya, director general of the Economic Planning Agency, also told the session that he foresees the start of a full-scale economic recovery in the second half of fiscal 2000 which begins in April 2000.
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Publication:Japan Weekly Monitor
Date:Dec 13, 1999
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