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

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.The previous estimate was released in August before the United States lowered its tariffs on automobiles from Japan, and Sanae Takaichi, who is pushing for more fiscal spend…READ FULL ARTICLE