Core Viewpoint - Moody's analysis indicates that while Japan's volatile GDP preliminary data may be revised upwards, the economy remains trapped in a challenging situation characterized by a bleak trade outlook and weak domestic demand [1] Group 1: Economic Performance - The upward revision of Q2 GDP does not mask the struggles of the Japanese economy, as tariffs and foreign competition are squeezing manufacturers [1] - Domestic consumption and corporate spending are weak, contributing to the overall economic difficulties [1] Group 2: Impact of Tariffs - Tariffs are expected to harm exports and industrial output in the second half of the year, with the new 15% tariffs from the U.S. projected to reduce GDP by at least 0.5% [1] Group 3: Domestic Demand and Investment - Domestic demand is unlikely to rescue the economy, as inflation is outpacing wage growth, and government delays in large projects hinder corporate investment [1] - This bleak backdrop may lead the Bank of Japan to maintain interest rates until the end of 2025 [1]
穆迪：日本经济困境将在下半年加剧 日本央行或维持利率不变直至2025年底
Sou Hu Cai Jing·2025-08-18 05:02