Japan forecasts 1.2% economic growth for FY 2025.

Japan's economy is projected to grow 1.2% in fiscal 2025, with solid personal consumption and a lowered growth forecast of 0.4% for 2024.

Japan's economy is projected to grow 1.2% in fiscal 2025, holding steady from last November's forecast. The government believes personal consumption will remain strong, supported by stable inflation and beneficial effects from its economic package. Exports are also expected to bounce back as overseas economies pick up.

They’re looking at personal consumption increasing by 1.3%, a slight boost from earlier. However, for fiscal 2024, growth is trimmed to 0.4% from 0.7%, mainly due to sluggish exports and slowing vehicle production, along with weaker spending overall.

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