Japan Cuts Fiscal 2026 Growth Forecast to 0.9% on Oil and Weaker Yen

AI Summary Japan slashed its growth forecast for the current fiscal year to 0.9% on Thursday, blaming surging crude oil prices and a weaker yen for squeezing the import-dependent economy. The downgrade exposes how quickly Middle East tensions can reshape the outlook for an advanced economy. The Oil and Currency Assumptions Behind the Downgrade Fiscal year 2026 The post Japan Cuts Fiscal 2026 Growth Forecast to 0.9% on Oil and Weaker Yen appeared first on BeInCrypto . fulltext: 460 chars | fulltext source: rss-fallback | summary method: extractive Original: https://beincrypto.com/japan-economy-oil-shock-growth-hopes-fade/ Source: BeInCrypto