Japan Q1 GDp -0.2% q/q (expected -0.1%) | Forexlive

Japanese economic growth data for Q1 2025 (January – March) – recovery in Japan proving tenuous once again

-0.2% q/q for real GDP

• vs. expected -0.1% and prior +0.6%

-0.7% annualised q/q, first fall in a year

• expected -0.2%, prior +2.4%

Private Consumption 0.0% q/q

• expected +0.1%, prior +0.1%

Capital Expenditure +1.4% q/q a bright point in the data

• expected +0.8%, prior +0.8%

More:

• External demand contribution to GDP -0.8%, vs. expected -0.6%
• Exports -0.6% q/q
• Domestic demand contribution to GDP +0.7%
• GDP deflator +3.3% y/y (this is an inflation indicator)