Framing Analysis
Japan's Cabinet Office revised its inflation-adjusted GDP growth projection for fiscal 2026 downward to 0.9 percent from 1.3 percent, citing higher oil prices linked to Middle East tensions. Additional forecasts include private consumption growth at 0.9 percent, capital expenditure at 2.3 percent, and consumer inflation at 2.2 percent. The revision was released on Thursday, with GDP data for the April-June quarter scheduled for August 17.