{"id":50173,"date":"2025-08-07T11:13:09","date_gmt":"2025-08-07T11:13:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/50173\/"},"modified":"2025-08-07T11:13:09","modified_gmt":"2025-08-07T11:13:09","slug":"japan-slashes-growth-forecast-amid-drag-from-us-tariffs-feeble-consumption-activity","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/50173\/","title":{"rendered":"Japan slashes growth forecast amid drag from US tariffs, feeble consumption activity"},"content":{"rendered":"<p class=\"text-align-justify\" data-v-64ab016d=\"\">The Japanese government has moved to cut its GDP growth forecast for the current fiscal year to 0.7%, down from the 1.2% estimate projected back in January. This comes as US tariffs could weigh on Japanese firms&#8217; appetite on capital expenditure as exports to the US will take a significant hit. Adding to that will be persistent concerns surrounding inflation that is expected to weigh further on domestic consumption.<\/p>\n<p class=\"text-align-justify\" data-v-64ab016d=\"\">Looking out to the next fiscal year though, the government is keeping a view that the economy will sustain a domestic-demand led recovery with wage growth poised to outpace inflation and help out with private consumption. They see GDP growth forecast picking up to 0.9% in the year after as such.<\/p>\n","protected":false},"excerpt":{"rendered":"The Japanese government has moved to cut its GDP growth forecast for the current fiscal year to 0.7%,&hellip;\n","protected":false},"author":2,"featured_media":50174,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-50173","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/50173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=50173"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/50173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/50174"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=50173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=50173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=50173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}