Revenue in the companys first fiscal quarter, which ends in September, will be flat compared to the fourth fiscal quarter, which ends in June, he said.
One solution is through the adoption of national fiscal rules, which should protect against fiscal extravagances in the run-up to an election.
It would also allow more time for increased fiscal spending, which Mr Aso favours over aggressive fiscal reform, to boost the government's popularity.
Like the so-called "fiscal cliff," which should really be called the "fiscal monument to the accomplishments of bipartisanship".
Europe has the same problem, exacerbated by the lack of fiscal integration, which has caused it to adopt overall a much tighter fiscal policy than the United States.
establishing a Scottish version of the Office for Budget Responsibility, an independent Scottish Fiscal Commission, which would be responsible for producing official macro-economic and fiscal forecasts.
That is why Europe must avoid endorsing a federal-style fiscal policy which would make the Commission and not Member States responsible for fiscal discipline.
The MPC is not responsible for fiscal policy, which is handled by the Treasury itself, but is briefed by the Treasury about fiscal policy developments at meetings.
