Take off 🛫 quickly! Let's all long together! The Japanese government has lowered its economic rise forecast for this year, reducing the 2024 fiscal year economic rise forecast from 1.3% to 0.9%, due to the weak yen causing a pump in import costs, which has hit consumption. The committee stated that the impact of the yen's decline on household purchasing power cannot be ignored, and the government and Central Bank must closely follow. The economic rise rate for the 2025 fiscal year is expected to be 1.2%.
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Take off 🛫 quickly! Let's all long together! The Japanese government has lowered its economic rise forecast for this year, reducing the 2024 fiscal year economic rise forecast from 1.3% to 0.9%, due to the weak yen causing a pump in import costs, which has hit consumption. The committee stated that the impact of the yen's decline on household purchasing power cannot be ignored, and the government and Central Bank must closely follow. The economic rise rate for the 2025 fiscal year is expected to be 1.2%.