Japan’s economy contracts for first time in six quarters on tariff hit

November 17, 2025 10:42 AM

Japan’s economy contracts for first time in six quarters on tariff hit

Japan's economy shrank almost 2% in the three months through September, as a drop in exports in the face of U.S. tariffs resulted in the first contraction in six quarters, government data showed on Monday. Shipments from automakers in particular plummeted, following a period of hiking exports before tariffs came into effect. Still, as the overall contraction was not as acute as expected, it likely represents a temporary setback rather than the start of a recession, economists said. "The contr...

Japan revises Q2 GDP higher on upbeat consumer spending

September 8, 2025 10:45 AM

Japan revises Q2 GDP higher on upbeat consumer spending

Japan's economy expanded much faster than initially estimated in the second quarter, driven by upward revisions in private consumption and inventories, giving policymakers some assurance as they navigate political and trade uncertainty. Gross domestic product grew an annualised 2.2% from the previous quarter in the three months through June 30, revised data from the Cabinet Office showed on Monday, up from the 1.0% announced on August 15 and economists' median forecast. While the figures show ...

India set to overtake Japan as fourth-largest economy in 2025: IMF

May 6, 2025 3:28 PM

India set to overtake Japan as fourth-largest economy in 2025: IMF

India is on track to become the world’s fourth-largest economy in 2025, overtaking Japan, according to the latest World Economic Outlook released by the International Monetary Fund (IMF). The report estimates India’s nominal GDP will reach 4,187.02 billion dollars next year, marginally ahead of Japan’s 4,186.43 billion dollars. The IMF forecasts that India will continue to be the fastest-growing major economy, maintaining a growth rate above 6 per cent over the next two years. In contrast...