Japan GDP Sags as Tariffs Bite and Domestic Demand Flags

U.S. tariffs are starting to take their toll on Japan, especially on companies manufacturing products for export, Francis Tang reported for Japan Times.

Japan's third-quarter figure was down 0.4% on a quarterly basis

Japan’s real gross domestic product declined at an annualized rate of 1.8% in the three months through September, marking the first contraction in six quarters. The fall was less pronounced than expected; economists and analysts polled by Reuters had been anticipating a 2.5% decline.

The third-quarter figure was down 0.4% on a quarterly basis. While private consumption rose by 0.1% and corporate investments were up 1% quarter on quarter, weaker domestic demand and sluggish exports drove the overall decline.