Consumption and exports fell back amid uncertain US tariff negotiations
As Japan’s tariff negotiations with the U.S. dragged on, front-loading moves receded in July. (Photo by Toshiki Sasazu)
Nikkei staff writer
September 10, 2025 18:31 JST
TOKYO — Japan’s economy shrank an annualized 1.1% in July versus the previous month, weighed down by a fall in private consumption and exports, according to an estimate released by the Japan Center for Economic Research (JCER) on Wednesday.