The Japanese government on Wednesday projected the economy would grow 2 percent next fiscal year even as the economy minister warned that target would be hard to reach if the U.S. economy slows and oil prices remain high.
Economy Minister Hiroko Ota also said a slowdown in domestic construction could drag on growth.
"If these risks (persist), the next fiscal year's growth rate may be lower than the projection," Ota told a news conference.
The U.S. economy, struggling with a housing slump and credit crisis, is Japan's biggest export market, so a slowdown there could hurt Japanese companies.
In the latest annual outlook …
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