Japan FY2025 growth forecast revised up to 1.1% on consumption, investment

TOKYO - Japan's economy is projected to grow a real 1.1 percent in the current fiscal year through March, revised up from an earlier estimate of 0.7 percent, driven by stronger private consumption and capital investment, the government said Wednesday.

The updated forecast for fiscal 2025 released by the Cabinet Office also reflected a smaller-than-expected negative impact from higher U.S. tariffs on the Japanese economy, it said.