Deutsche Bank Group Research 21 August 2025 Date Kentaro Koyama Chief Economist +81-3-6730-0683 Deutsche Securities Inc. Japan IMPORTANT RESEARCH DISCLOSURES AND ANALYST CERTIFICATIONS LOCATED IN APPENDIX 1. UNTIL 19th MARCH 2021 INCOMPLETE DISCLOSURE INFORMATION MAY HAVE BEEN DISPLAYED, PLEASE SEE APPENDIX 1 FOR FURTHER DETAILS. Japan Economics Japan Economic Perspectives 7T2se3r0Ot6kwoPa Japan economic outlook: Tariffs, monetary policy, political landscape The growth forecast for fiscal 2025 has been revi ...