Japan\u2019s real gross domestic product declined at an annualized rate of 1.8% in the three months through September, the first economic contraction reported by the country in six quarters.<\/p>\n
The fall was less pronounced than expected. Economists and analysts polled by Reuters had been anticipating a 2.5% fall.<\/p>\n
Japan’s GDP in the third quarter was down 0.4% on quarter. Weaker domestic demand and sluggish exports drove the decline. Exports fell 1.2% while imports dropped 0.1% as U.S. tariffs started to bite.<\/p>\n
Japan and the United States reached a deal in July to reduce the tariffs President Donald Trump had imposed since April. The reciprocal tariff rate was set at 15%, which was higher than the baseline 10% but still lower than the 25% previously threatened.<\/p>\n
New tariffs on automobiles and auto parts were cut in half, with the new rate set at 15%.<\/p>\n
Real private housing investment declined by 9.4% in the third quarter, reflecting in part the introduction of new rules requiring new buildings to meet eco-friendly standards.<\/p>\n","protected":false},"excerpt":{"rendered":"Japan\u2019s real gross domestic product declined at an annualized rate of 1.8% in the three months through September,…\n","protected":false},"author":2,"featured_media":144175,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,5466,113,6784,61,1095,60,8672],"class_list":["post-144174","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economic-indicators","tag-economy","tag-gdp","tag-ie","tag-inflation","tag-ireland","tag-japanese-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/144174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=144174"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/144174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/144175"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=144174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=144174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=144174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}