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Investing.com -- Japan’s government lowered its economic growth forecast for the current fiscal year on Thursday, citing the impact of U.S. tariffs on capital spending and ongoing inflation pressures affecting consumer spending.
The revised estimates, presented at Japan’s top economic council meeting, show the government now expects inflation-adjusted gross domestic product (GDP) to grow by 0.7% for the fiscal year ending March 2026.
This represents a significant reduction from the previous projection of 1.2% made in January.
The downward revision highlights concerns about Japan’s economic recovery, which faces headwinds from U.S. tariff policies that are slowing business investment.
Additionally, persistent inflation continues to weigh on private consumption, further challenging growth prospects.
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