Japan cuts growth forecast again for current fiscal year on weak exports

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TOKYO : Japan's government on Friday lowered its GDP growth forecast for the current fiscal year as weaker exports drag on a fragile economic recovery.

"As high prices are hard hitting low income earners, measures should be launched to help support their lives," the Cabinet Office said.

But any prolonged weakness in both global and domestic demand could slow the BOJ's plans to fully exit from a decade of easy monetary conditions.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Government Fiscal Forecasts Year Economic Japan Growth Domestic July Forecast Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 17:07:55 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23362784

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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