Tokyo's EconomicPlanningAgency is projecting fiscal 1999 growth of 0.5%, resisting pressure from the powerful Ministry of International Trade and Industry for a higher forecast.
Unveiling the GDP figures, the EconomicPlanningAgency (EPA) said public demand jumped 6.0% in the quarter, thanks largely to stimulus packages enacted by the government last year.
The National Development and Reform Commission, the top economicplanningagency, is in charge of long-maturity bonds typically issued by major state-run enterprises, while the securities regulator runs a separate exchange-based bond market for listed firms.