Japan's GDP contracted by 0.4% in the third quarter, translating to a 1.8% annualized decline, as reported by Bpaynews. This contraction, though better than the anticipated 0.6% quarterly drop, was primarily due to weaker net exports impacted by U.S. tariffs and a decrease in housing investment. Despite these challenges, corporate capital expenditure increased by 1.0%, surpassing expectations.
Private consumption in Japan grew by a modest 0.1%, a slowdown from the previous quarter, as high food prices affected real spending. In response to these economic pressures, the Japanese government is planning stimulus measures to alleviate cost-of-living issues. Economists predict a potential 0.6% GDP rebound in the fourth quarter.
Japan's Q3 GDP Contracts 1.8% Annualized Amid Export Challenges
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