Japan says its economy likely to mark first positive output gap in 7 years – Business & Finance

TOKYO: Japan’s government said on Thursday it predicts economic output will recover to full capacity in the next fiscal year for the first time in seven years on an annual basis due to a tight labour market.

Japan’s output gap, which measures the difference between an economy’s actual and potential output, is likely to stand at +0.4% in the fiscal year starting in April, according to an…