Japan’s Economy Shrinks as US Tariffs Weigh on Exports

Japan’s economy contracted 1.8% on an annualised basis in the July–September quarter, hit hard by US tariffs that slowed export demand. GDP fell 0.4% quarter-on-quarter as exports dipped 1.2%, while imports slipped 0.1%. A slight rise in private consumption and reduced political uncertainty under the new prime minister offered limited support amid the downturn.

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