US EditionJapan's economy shrinks annualised 0.7% in Jan-March
- Japan's economy contracted at an annualized rate of 0.7% in the first quarter of 2025, shrinking for the first time in a year.
- The contraction was caused mainly by falling exports and stagnant private consumption amid ongoing trade tensions with the United States.
- U.S. President Donald Trump announced tariffs on Japanese goods and autos, scheduled to take effect in July if no trade deal is reached.
- Exports fell by 2.3% annually, while private consumption was flat contrary to forecasts, leading BNP Paribas economist Ryutaro Kono to note that this data may increase calls for larger fiscal spending.
- Economists warn the economy remains vulnerable to shocks from tariffs and demographic issues, and recession cannot be ruled out depending on tariff pressures and consumption trends.
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Japan's economy shrinks more than expected as US tariff hit looms
TOKYO: Japan's economy shrank for the first time in a year in the March quarter at a faster pace than expected, data showed on Friday (May 16), underscoring the fragile nature of its recovery now under threat from
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Total News Sources36
Leaning Left5Leaning Right4Center12Last UpdatedBias Distribution57% Center
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57% Center
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C 57%
R 19%
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