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, marking the first yearly decline in a year.
- The contraction was driven mainly by sluggish exports and flat private consumption amid the background of upcoming US tariffs and weakening overseas demand.
- Exports fell 0.6% quarter-on-quarter and 2.3% year-on-year while imports rose 2.9%, with the US imposing new tariffs of 24% on Japanese goods starting July.
- Analysts warn that a recession remains a possibility as Japan’s economic growth is weak, with limited support from exports and consumer demand, leaving it susceptible to disruptions like the tariffs imposed under the Trump administration.
- Officials and economists expect growing calls for fiscal stimulus, but warn of downside risks from tariffs and continued price rises that could deepen the economic slowdown.
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Japan’s GDP Shrinks Annualized 0.7％ in Jan.-March; U.S. Tariff Impact Feared to Extend Drop in April-June
Japan’s inflation-adjusted real gross domestic product shrank 0.2% in January-March 2025 from the previous quarter after seasonal adjustment, the Cabinet Office said Friday in a preliminary estimate.
·Japan
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Total News Sources39
Leaning Left5Leaning Right6Center12Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 22%
C 52%
R 26%
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