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Japan's economy contracts for first time in six quarters on tariff hit
- On Monday, Japan’s Cabinet Office reported GDP slipped 0.4% quarter-on-quarter, and the economy sank at an annualized 1.8% in the July-September quarter as tariffs hit exports.
- Businesses responded by accelerating exports to beat earlier tariff policy, inflating July-September data while political uncertainty persisted until Sanae Takaichi became prime minister recently.
- Exports showed sharp declines in the quarter as exports fell 1.2% from the previous quarter and dropped 4.5% annualized for the three-month period through September, while imports slipped 0.1% and private consumption edged up 0.1%.
- The tariff measures hit Japan’s export sectors hard, dealing a major blow to Toyota Motor Corp. and Japanese manufacturers who have shifted production abroad over the years.
- After earlier higher levies, U.S. trade policy now hits imports at 15%, shifting from the earlier tariff level of 25%, Yuri Kageyama reports.
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47 Articles
47 Articles
Japan's economy contracts 0.4% Q/Q in Q3, but beats forecasts
Japan's GDP shrank by 0.4% quarter-over-quarter in Q3 2025. This reversed an upwardly revised 0.6% growth in the second quarter and marked the first quarterly drop since Q1 2024, experiencing its first contraction in over a year during
·United States
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The data photographs the three months from July to September compared to the same period last year. The sharp decline is the first of the last 6 quarters
·Milan, Italy
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Coverage Details
Total News Sources47
Leaning Left9Leaning Right9Center14Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 28%
C 44%
R 28%
Factuality
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