The IMF = International Monetary Fund has released a report on the examination of the Japanese economy, lowering Japan's growth outlook for this year from the previous + 3.3% to + 2.4%.
The reason for this is that the pace of recovery in domestic demand will slow down due to rising prices of raw materials such as crude oil and increasing uncertainty due to the situation in Ukraine.
The IMF has compiled a report on the results of the examination on the Japanese economy and released it on the 7th of Japan time.
According to this, the outlook for Japan's growth rate, which was + 3.3% as of January, has been lowered to + 2.4%.
Regarding the reason, the IMF said that although consumption will drive the recovery of the Japanese economy, the pace of recovery in domestic demand will slow down due to rising prices of raw materials such as crude oil and increasing uncertainty due to the situation in Ukraine, and the situation in Ukraine for external demand. It is said that this is because it is affected by the accompanying slowdown of the European economy.
Regarding the future Japanese economy, he pointed out the uncertainty surrounding the spread of the new coronavirus and the serious downside risk of the situation in Ukraine, and said, "Improving productivity and achieving sustainable growth. Efforts for this are important. "