Japan’s government on Thursday lowered its economic growth forecast for the current fiscal year, according to Jin10 as cited by ChainCatcher. The revision was tied to higher oil prices caused by tensions in the Middle East, which have put pressure on household spending and corporate profits. For the fiscal year ending in March 2027, the government now expects inflation-adjusted GDP growth of 0.9%, down from the 1.3% forecast issued in January. At the same time, it expects growth to pick up to 1.1% in the following fiscal year. The update reflects a weaker near-term outlook while still pointing to a modest recovery afterward.
Japan’s government on Thursday lowered its economic growth forecast for the current fiscal year, according to Jin10, as cited by ChainCatcher.
For the fiscal year ending in March 2027, the government now expects inflation-adjusted GDP growth of 0.9%, down from the 1.3% forecast released in January. The downgrade was linked to higher oil prices caused by tensions in the Middle East, which have squeezed household spending and corporate profits. Growth in the next fiscal year is still expected to rise to 1.1%.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
