Economists predict rising wages and prices in Japan for fiscal '25.
Japanese economic growth is expected in fiscal 2025 due to wage hikes and price increases, with interest rates likely rising.
The private sector is feeling pretty optimistic about Japan's economy in fiscal 2025, kicking off in April. They expect real GDP growth to outpace last year's numbers, thanks to anticipated wage hikes and businesses passing their costs onto us, the consumers. It’s like a game of economic hot potato.
The Bank of Japan is likely to respond by raising interest rates, aiming for a policy rate between 0.75% and 1%. But hold up, there’s a twist! The uncertainty surrounding the new administration of U.S. President Donald Trump poses a bit of a risk. So while things look bright, we all know how quickly the game can change.
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