Gov't cuts Japan's FY 2026 GDP growth outlook to 0.9% on higher oil prices

TOKYO (Kyodo) -- The Japanese government on Thursday cut its economic growth outlook to 0.9 percent for the current fiscal year, which began in April,

TOKYO, July 30 : Japan's government cut its economic growth forecast for the current fiscal year on Thursday, as higher oil prices linked to Middle East tensions squeeze household spending and corporate profits.In its mid-year estimates, the Cabinet Office projected inflation-adjusted gross domestic product (GDP) growt

The government has cut its projection for real growth in fiscal 2026 to 0.9% from the January forecast of 1.3%.