Note 1-49

(49) Public demand combining the two (however, including non-general government public investment and public inventory increase) became more or less flat with a 0.1% decline from the previous year in FY 2001 and a 0.3% decline in FY 2002 on a real basis. On a nominal basis, it marked a slight decline in FY 2002 (based on flash figures) with a 0.6% decline from the previous year in FY 2001 and a 2.2% decline in FY 2002. In FY 2003, it is expected to remain flat both on a real and nominal basis (FY 2003 government economic forecast).