Japan's government is set to target annual real economic growth of more than 1% as part of a new long-term economic strategy, an ambitious goal that would more than double the country's average growth rate over the past five years, according to a draft policy document reviewed by Reuters.
The draft of Japan's basic policy framework for economic and fiscal management aims to achieve sustained real economic growth of more than 1% "as early as possible" while maintaining nominal growth above 3%, reflecting Prime Minister Sanae Takaichi's push to revive the economy through stronger domestic growth, Reuters reported.
