Japan's GDP fell 1.8% in the third quarter, marking its first negative growth in six quarters.

According to Japan's Kyodo News, on November 17 local time, the Japanese Cabinet Office released preliminary data showing that, after excluding the impact of price changes, Japan's real gross domestic product (GDP) for the third quarter of this year decreased by 0.4% compared to the previous quarter, and fell at an annualized rate of 1.8%, marking the first contraction in six quarters.

The main reason for the decline in Japan's GDP in the third quarter was the impact of the U.S. high tariff policy, leading to a drop in exports and weak housing investment. In the third quarter, personal consumption in Japan increased by 0.1% compared to the previous quarter. Business and other capital investments grew by 1.0%. Exports fell by 1.2%, while imports fell by 0.1%.

GDP Growth Chart of Japan - Kyodo News

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