Japan Cuts FY2026 GDP Growth Forecast to 0.9% From 1.3% on Rising Oil Prices
Japan lowered its fiscal 2026 GDP growth forecast to 0.9% from 1.3%, citing rising oil prices that will weigh on domestic demand.
The revision reflects supply tightness in the Middle East, with Canadian crude being redirected to the country for the first time in over a year to offset reduced regional flows.
From the sources (7 posts)
@kyodo_englishGov't cuts Japan's FY 2026 GDP growth outlook to 0.9% on higher oil prices
@firstsquawkHigher Oil Prices Prompt Japan to Downgrade FY2026 Growth Forecast to 0.9%
@marketscapappJust in | Japan reduces its fiscal 2026 growth forecast to 0.9% from 1.3% due to escalating oil prices.
@financialjuiceJapan lowers fiscal 2026 growth forecast to 0.9% from 1.3% on rising oil prices
@polymarketJUST IN: Japan cuts its 2026 GDP growth forecast from 1.3% to 0.9%, citing rising oil prices driven by the Iran crisis.
@staunovoCanadian oil heads to Japan for the first time in over a year as Iran war tightens Middle East supplies #oott
@japantimesJapan has lowered its economic growth forecast for the current fiscal year, reflecting expectations that higher oil prices driven by tensions in the Middle East will weigh on domestic demand.