{"id":66285,"date":"2026-07-30T10:30:45","date_gmt":"2026-07-30T10:30:45","guid":{"rendered":"https:\/\/www.europesays.com\/japan\/66285\/"},"modified":"2026-07-30T10:30:45","modified_gmt":"2026-07-30T10:30:45","slug":"japan-cuts-2026-gdp-forecast-to-0-9-on-rising-oil-prices-eyes-fiscal-2027-surplus-news-and-statistics","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/japan\/66285\/","title":{"rendered":"Japan Cuts 2026 GDP Forecast to 0.9% on Rising Oil Prices, Eyes Fiscal 2027 Surplus &#8211; News and Statistics"},"content":{"rendered":"<p>\n\t\t\t\t\t\t\t\t\t\t\t\tJul 30, 2026\t\t\t\t\t<\/p>\n<p><a href=\"https:\/\/www.indexbox.io\/store\/japan\/\" target=\"_blank\" rel=\"nofollow noopener\">The Japanese government revised<\/a> its <a href=\"https:\/\/www.indexbox.io\/store\/branch\/economic_policy\/\" target=\"_blank\" rel=\"nofollow noopener\">economic growth forecast<\/a> <a href=\"https:\/\/app.indexbox.io\/indicators\/symbol\/gdp-growth-annual-percent-japan\/\" target=\"_blank\" rel=\"noopener nofollow\">downward<\/a> for the current fiscal year, which started in April, to 0.9% from a prior projection of 1.3%, according to the Cabinet Office as reported by Kyodo News Agency. The adjustment was attributed to the impact of rising <a href=\"https:\/\/app.indexbox.io\/indicators\/symbol\/crude-oil-dec-25\/\" target=\"_blank\" rel=\"noopener nofollow\">crude oil prices<\/a> on the nation&#8217;s economy, which relies heavily on imports.<\/p>\n<p>The Cabinet Office also indicated that the primary budget balance is now expected to achieve a surplus of 1.4 trillion yen (approximately $8.6 billion) in fiscal 2027, a significant improvement from an earlier estimate of a 2.1 trillion yen deficit, driven by higher tax revenues. However, for fiscal year 2026, the primary deficit is projected to increase to 1.2 trillion yen, up from a previous estimate of 800 billion yen, due to the necessity of supplementary budget funding.<\/p>\n<p>Despite the brighter fiscal outlook, market participants remain cautious regarding Prime Minister Sanae Takaichi&#8217;s proposals to boost spending in order to stimulate growth, with concerns that such measures could worsen the country&#8217;s public debt burden. For the fiscal year beginning next April, the government forecast <a href=\"https:\/\/app.indexbox.io\/indicators\/symbol\/gdp-growth-annual-percent-japan\/\" target=\"_blank\" rel=\"noopener nofollow\">GDP growth<\/a> of 1.1%, supported by plans to increase investments in crisis management and strategic growth sectors, which are expected to encourage consumption and capital investments.<\/p>\n<p>\t\t1. INTRODUCTION<\/p>\n<p class=\"text-secondary fs-6\">Making Data-Driven Decisions to Grow Your Business<\/p>\n<p>\t\t\t\tREPORT DESCRIPTION<br \/>\n\t\t\t\tRESEARCH METHODOLOGY AND THE AI PLATFORM<br \/>\n\t\t\t\tDATA-DRIVEN DECISIONS FOR YOUR BUSINESS<br \/>\n\t\t\t\tGLOSSARY AND SPECIFIC TERMS<\/p>\n<p>\t\t2. EXECUTIVE SUMMARY<\/p>\n<p class=\"text-secondary fs-6\">A Quick Overview of Market Performance<\/p>\n<p>\t\t\t\tKEY FINDINGS<br \/>\n\t\t\t\tMARKET TRENDS <a class=\"px-2\" href=\"https:\/\/www.indexbox.io\/licenses\/\" target=\"_blank\" rel=\"nofollow noopener\">This Chapter is Available Only for the Professional Edition<\/a>PRO<\/p>\n<p>\t\t3. MARKET OVERVIEW<\/p>\n<p class=\"text-secondary fs-6\">Understanding the Current State of The Market and its Prospects<\/p>\n<p>\t\t\t\tMARKET SIZE: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<br \/>\n\t\t\t\tCONSUMPTION BY COUNTRY: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<br \/>\n\t\t\t\tMARKET FORECAST TO 2035<\/p>\n<p>\t\t4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION<\/p>\n<p class=\"text-secondary fs-6\">Finding New Products to Diversify Your Business<\/p>\n<p>\t\t\t\tTOP PRODUCTS TO DIVERSIFY YOUR BUSINESS<br \/>\n\t\t\t\tBEST-SELLING PRODUCTS<br \/>\n\t\t\t\tMOST CONSUMED PRODUCTS<br \/>\n\t\t\t\tMOST TRADED PRODUCTS<br \/>\n\t\t\t\tMOST PROFITABLE PRODUCTS FOR EXPORT<\/p>\n<p>\t\t5. MOST PROMISING SUPPLYING COUNTRIES<\/p>\n<p class=\"text-secondary fs-6\">Choosing the Best Countries to Establish Your Sustainable Supply Chain<\/p>\n<p>\t\t\t\tTOP COUNTRIES TO SOURCE YOUR PRODUCT<br \/>\n\t\t\t\tTOP PRODUCING COUNTRIES<br \/>\n\t\t\t\tTOP EXPORTING COUNTRIES<br \/>\n\t\t\t\tLOW-COST EXPORTING COUNTRIES<\/p>\n<p>\t\t6. MOST PROMISING OVERSEAS MARKETS<\/p>\n<p class=\"text-secondary fs-6\">Choosing the Best Countries to Boost Your Export<\/p>\n<p>\t\t\t\tTOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT<br \/>\n\t\t\t\tTOP CONSUMING MARKETS<br \/>\n\t\t\t\tUNSATURATED MARKETS<br \/>\n\t\t\t\tTOP IMPORTING MARKETS<br \/>\n\t\t\t\tMOST PROFITABLE MARKETS<\/p>\n<p>\t\t7. PRODUCTION<\/p>\n<p class=\"text-secondary fs-6\">The Latest Trends and Insights into The Industry<\/p>\n<p>\t\t\t\tPRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<br \/>\n\t\t\t\tPRODUCTION BY COUNTRY: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<\/p>\n<p>\t\t8. IMPORTS<\/p>\n<p class=\"text-secondary fs-6\">The Largest Import Supplying Countries<\/p>\n<p>\t\t\t\tIMPORTS: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<br \/>\n\t\t\t\tIMPORTS BY COUNTRY: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<br \/>\n\t\t\t\tIMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<\/p>\n<p>\t\t9. EXPORTS<\/p>\n<p class=\"text-secondary fs-6\">The Largest Destinations for Exports<\/p>\n<p>\t\t\t\tEXPORTS: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<br \/>\n\t\t\t\tEXPORTS BY COUNTRY: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<br \/>\n\t\t\t\tEXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012\u20132025) AND FORECAST (2026\u20132035)<\/p>\n<p>\t\t10. PROFILES OF MAJOR PRODUCERS<\/p>\n<p class=\"text-secondary fs-6\">The Largest Producers on The Market and Their Profiles<\/p>\n<p>                        11. COUNTRY PROFILES<\/p>\n<p class=\"text-secondary fs-6\">The Largest Markets And Their Profiles<\/p>\n<p>                        <a class=\"pe-2 fs-5 mb-2\" target=\"_blank\" href=\"https:\/\/www.indexbox.io\/licenses\/\" rel=\"nofollow noopener\">This Chapter is Available Only for the Professional Edition<\/a><br \/>\n                        PRO<\/p>\n<p>11.1<\/p>\n<p>United States<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.2<\/p>\n<p>China<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.3<\/p>\n<p>Japan<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.4<\/p>\n<p>Germany<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.5<\/p>\n<p>United Kingdom<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.6<\/p>\n<p>France<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.7<\/p>\n<p>Brazil<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.8<\/p>\n<p>Italy<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.9<\/p>\n<p>Russian Federation<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.10<\/p>\n<p>India<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.11<\/p>\n<p>Canada<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.12<\/p>\n<p>Australia<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.13<\/p>\n<p>Republic of Korea<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.14<\/p>\n<p>Spain<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.15<\/p>\n<p>Mexico<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.16<\/p>\n<p>Indonesia<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.17<\/p>\n<p>Netherlands<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.18<\/p>\n<p>Turkey<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.19<\/p>\n<p>Saudi Arabia<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.20<\/p>\n<p>Switzerland<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.21<\/p>\n<p>Sweden<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.22<\/p>\n<p>Nigeria<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.23<\/p>\n<p>Poland<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.24<\/p>\n<p>Belgium<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.25<\/p>\n<p>Argentina<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.26<\/p>\n<p>Norway<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.27<\/p>\n<p>Austria<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.28<\/p>\n<p>Thailand<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.29<\/p>\n<p>United Arab Emirates<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.30<\/p>\n<p>Colombia<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.31<\/p>\n<p>Denmark<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.32<\/p>\n<p>South Africa<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.33<\/p>\n<p>Malaysia<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.34<\/p>\n<p>Israel<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.35<\/p>\n<p>Singapore<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.36<\/p>\n<p>Egypt<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.37<\/p>\n<p>Philippines<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.38<\/p>\n<p>Finland<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.39<\/p>\n<p>Chile<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.40<\/p>\n<p>Ireland<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.41<\/p>\n<p>Pakistan<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.42<\/p>\n<p>Greece<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.43<\/p>\n<p>Portugal<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.44<\/p>\n<p>Kazakhstan<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.45<\/p>\n<p>Algeria<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.46<\/p>\n<p>Czech Republic<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.47<\/p>\n<p>Qatar<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.48<\/p>\n<p>Peru<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.49<\/p>\n<p>Romania<\/p>\n<p>Market SizeProductionImportsExports<\/p>\n<p>11.50<\/p>\n<p>Vietnam<\/p>\n<p>Market SizeProductionImportsExports<br \/>\n\t\tLIST OF TABLES<\/p>\n<p>\t\t\t\tKey Findings In 2025<br \/>\n\t\t\t\tMarket Volume, In Physical Terms: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tMarket Value: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tPer Capita Consumption, by Country, 2022\u20132025<br \/>\n\t\t\t\tProduction, In Physical Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tImports, In Physical Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tImports, In Value Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tImport Prices, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tExports, In Physical Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tExports, In Value Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tExport Prices, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<\/p>\n<p>\t\tLIST OF FIGURES<\/p>\n<p>\t\t\t\tMarket Volume, In Physical Terms: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tMarket Value: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tConsumption, by Country, 2025<br \/>\n\t\t\t\tMarket Volume Forecast to 2035<br \/>\n\t\t\t\tMarket Value Forecast to 2035<br \/>\n\t\t\t\tMarket Size and Growth, By Product<br \/>\n\t\t\t\tAverage Per Capita Consumption, By Product<br \/>\n\t\t\t\tExports and Growth, By Product<br \/>\n\t\t\t\tExport Prices and Growth, By Product<br \/>\n\t\t\t\tProduction Volume and Growth<br \/>\n\t\t\t\tExports and Growth<br \/>\n\t\t\t\tExport Prices and Growth<br \/>\n\t\t\t\tMarket Size and Growth<br \/>\n\t\t\t\tPer Capita Consumption<br \/>\n\t\t\t\tImports and Growth<br \/>\n\t\t\t\tImport Prices<br \/>\n\t\t\t\tProduction, In Physical Terms: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tProduction, In Value Terms: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tProduction, by Country, 2025<br \/>\n\t\t\t\tProduction, In Physical Terms, by Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tImports, In Physical Terms: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tImports, In Value Terms: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tImports, In Physical Terms, By Country, 2025<br \/>\n\t\t\t\tImports, In Physical Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tImports, In Value Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tImport Prices, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tExports, In Physical Terms: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tExports, In Value Terms: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tExports, In Physical Terms, By Country, 2025<br \/>\n\t\t\t\tExports, In Physical Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tExports, In Value Terms, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<br \/>\n\t\t\t\tExport Prices, By Country: Historical Data (2012\u20132025) and Forecast (2026\u20132035)<\/p>\n","protected":false},"excerpt":{"rendered":"Jul 30, 2026 The Japanese government revised its economic growth forecast downward for the current fiscal year, which&hellip;\n","protected":false},"author":2,"featured_media":66286,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[1694,30019,191,189,43142,43141,27440,43143,43139,188,190,43140,4559,358],"class_list":["post-66285","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-cabinet-office","tag-crude-oil-prices","tag-economy","tag-economy-of-japan","tag-fiscal-2026-deficit","tag-fiscal-2027","tag-gdp-revision","tag-growth-stimulus","tag-japan-economic-forecast","tag-japans-economy","tag-japanese-economy","tag-primary-budget-surplus","tag-public-debt","tag-sanae-takaichi"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/66285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=66285"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/66285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/66286"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=66285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=66285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=66285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}