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Institution: Japan's economy is expected to grow by 0.5% in this fiscal year

2026-05-19 05:27:33

Abstract generation in progress

Golden Finance reports that on May 19, Yoshimasa Maruyama, an economist at Nikko Securities, said that under a scenario in which tensions in the Middle East ease in the near term, Japan’s economic growth rate for the fiscal year ending March 2027 could average 0.5%. He noted, “As supply constraints ease, WTI crude oil prices are expected to eventually fall, and the average price in fiscal year 2026 is likely to stabilize at around $82 per barrel.” He added, “However, if the Middle East conflict continues, upward pressure on the average oil price in fiscal year 2026 may be unavoidable.” Preliminary data released on Tuesday showed quarter-on-quarter growth of 0.5% in the first quarter.

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