Japan-Economy/Growth Forecast
FILE: Tokyo, Japan - 2024 (CCTV - No access Chinese mainland)
1. Various of cityscape
FILE: Tokyo, Japan - 2024 (CGTN - No access Chinese mainland)
2. Various of National Diet building, national flag
Tokyo, Japan - July 23, 2025 (CCTV - No access Chinese mainland)
3. Various of traffic, pedestrians
FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland)
4. Various of port scene; ships
5. Various of trucks, vehicles at port
FILE: Washington D.C., USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
6. Various of White House
7. Various of Capitol Hill, U.S. national flag
FILE: Los Angeles, USA - Date Unknown (CCTV - No access Chinese mainland)
8. Various of Port of Los Angeles
Japan on Thursday lowered its official forecast for real GDP growth in fiscal 2025 to 0.7 percent, from the 1.2 percent projected in the beginning of the year, citing newly imposed U.S. "reciprocal" tariffs as a key drag on the economy.
The Cabinet Office deemed factors like persistent inflation and Washington's tariff policy contributed to the downside risks of the Japanese economy.
The Japanese government adjusted its export growth forecast from 3.6 percent to 1.2 percent, due to tariff impacts to Japan's auto industry and other major sectors.
Capital spending by enterprises is now estimated to expand 1.8 percent, down from the previously forecast 3 percent, given that enterprises are cautious about expenditures on production capacity expansion under tariff influences.
The United States' sweeping new tariffs took effect on a broad range of trade partners including Japan on Thursday.
Automaker Toyota's latest financial statement said that the U.S. levies and a stronger yen will cut its fiscal 2025 net profit by about 44 percent to 2.66 trillion yen (about 17.4 billion in U.S. dollars).
Kyodo News calculated that Toyota, Honda and other Japanese automakers together stand to lose roughly 2.67 trillion yen in operating profit this year because of the U.S. tariffs.
Japan-Economy/Growth Forecast
Dateline : Aug 7, 2025/Recent/File
Location : Japan
Duration : 1'15
FILE: Tokyo, Japan - 2024 (CCTV - No access Chinese mainland)
1. Various of cityscape
FILE: Tokyo, Japan - 2024 (CGTN - No access Chinese mainland)
2. Various of National Diet building, national flag
Tokyo, Japan - July 23, 2025 (CCTV - No access Chinese mainland)
3. Various of traffic, pedestrians
FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland)
4. Various of port scene; ships
5. Various of trucks, vehicles at port
FILE: Washington D.C., USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
6. Various of White House
7. Various of Capitol Hill, U.S. national flag
FILE: Los Angeles, USA - Date Unknown (CCTV - No access Chinese mainland)
8. Various of Port of Los Angeles
Japan on Thursday lowered its official forecast for real GDP growth in fiscal 2025 to 0.7 percent, from the 1.2 percent projected in the beginning of the year, citing newly imposed U.S. "reciprocal" tariffs as a key drag on the economy.
The Cabinet Office deemed factors like persistent inflation and Washington's tariff policy contributed to the downside risks of the Japanese economy.
The Japanese government adjusted its export growth forecast from 3.6 percent to 1.2 percent, due to tariff impacts to Japan's auto industry and other major sectors.
Capital spending by enterprises is now estimated to expand 1.8 percent, down from the previously forecast 3 percent, given that enterprises are cautious about expenditures on production capacity expansion under tariff influences.
The United States' sweeping new tariffs took effect on a broad range of trade partners including Japan on Thursday.
Automaker Toyota's latest financial statement said that the U.S. levies and a stronger yen will cut its fiscal 2025 net profit by about 44 percent to 2.66 trillion yen (about 17.4 billion in U.S. dollars).
Kyodo News calculated that Toyota, Honda and other Japanese automakers together stand to lose roughly 2.67 trillion yen in operating profit this year because of the U.S. tariffs.
ID : 8440028
Published : 2025-08-08 16:10
Last Modified : 2025-08-08 21:25:51
Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
More