Japan Posts Modest Growth Despite US Tariffs
- Japan's economy likely expanded at an annualized pace of 0.4% in the second quarter, avoiding recession, according to economists surveyed by Bloomberg.
- The Cabinet Office is set to release preliminary GDP data, reflecting the impact of U.S. tariffs, which began in April and increased from 10% to 15%.
- Inbound tourist spending rose by 18%, contributing to growth, as the first half of 2025 saw a record number of tourists arriving in Japan.
- Shinichiro Kobayashi, chief economist at Mitsubishi UFJ Research and Consulting, noted that service exports and business investment were key drivers of this modest expansion.
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45 Articles
Japan posts modest quarterly growth even as US tariffs hit
Japan's economy likely managed to avoid falling into a recession by posting modest growth in the second quarter, as domestic demand led by capital spending offset the drag from US tariffs, according to economists surveyed by Bloomberg.
·Malaysia
Read Full ArticleJapan Likely Eked Out Growth Last Quarter Even as Tariffs Hit
Japan’s economy likely managed to avoid falling into a recession by posting modest growth in the second quarter, as domestic demand led by capital spending offset the drag from US tariffs, according to economists surveyed by Bloomberg.
·United States
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Total News Sources45
Leaning Left7Leaning Right4Center10Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 33%
C 48%
R 19%
Factuality
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