The forecast shows that, barring a further dollar decline, the deficit by 1991 will be moving once again toward 1986 levels.
But people familiar with the calculations say the forecast shows the state running deficits for the next several years.
Some forecasts show the company doubling its operating income of $90 million on $1.7 billion in revenues in the next three years.
For the yen, the average forecast shows a slight dollar rally.
The most recent forecasts of the two institutions show the growth rate for industrial countries at around 2.5 percent next year, about the same as in 1987.
The forecast shows no break in the pattern.
But the economy has been so strong that forecasts show a surplus of about $4.5 trillion over the next 15 years.
The same forecast shows the total value of farm assets rising and farm debt declining this year.
The institute's forecasts now show contraction in the Japanese economy through the spring of 2003.
Current economic forecasts show the Federal deficit fading very close to zero in four or five years.