Govt Raises FY 2013 Growth Forecasts, Eyes 1st CPI Rise In 5 Yrs

TOKYO (Kyodo)--The government on Monday sharply raised its forecasts for Japan's economic growth in fiscal 2013 to 2.5 percent and 2.7 percent in real and nominal terms, respectively, predicting the latest large-scale stimulus package will spur domestic demand as the global economy bounces back.