TOKYO (Reuters) -Japan’s Cabinet Office will lower its fiscal 2025 gross domestic product real growth rate forecast from around 1.2% seen in January after factoring in the impact of U.S. tariff policies, the Nikkei business daily reported on Tuesday.
Japan’s government also said its primary budget surplus in the fiscal year 2026 starting in April next year will exceed its January forecast of about 2.2 trillion yen ($14.94 billion) thanks to increased tax revenue, without giving the new estimate, the Nikkei reported without citing sources.
For the current fiscal year ending in March, the government projects a deficit, though narrower than the 4.5 trillion yen shown in January, the newspaper said.
($1 = 147.2700 yen)
(Reporting by Satoshi Sugiyama and Kaori Kaneko; Editing by Christian Schmollinger)
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