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

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