{"id":5459,"date":"2026-08-17T20:22:58","date_gmt":"2026-08-17T20:22:58","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5459"},"modified":"2026-08-17T20:22:58","modified_gmt":"2026-08-17T20:22:58","slug":"japans-economy-notches-1-1-growth-rate-as-spending-dips-1-2-and-pm-sinks-in-polling","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5459","title":{"rendered":"Japan\u2019s economy notches 1.1% growth rate as spending dips 1.2% and PM sinks in polling"},"content":{"rendered":"
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Japan\u2019s real GDP, or gross domestic product, the sum value of nation\u2019s goods and services, grew at a seasonally adjusted rate of 0.3% from the first quarter to second quarter of this 2026, according to Cabinet Office data.<\/p>\n

Read more \u2018Only idiot startup founders stay in Cali\u2019: Mark Cuban rips billionaire tax\u2014and opens a rift inside the Democratic Party<\/a><\/p>\n

The annualized rate shows what the growth rate would have been if it had continued for a whole year. It was 2.1% in the\u00a0January-March period.<\/p>\n

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Private spending dipped 1.2% in April-June compared to January-March, while exports grew 0.5%.<\/p>\n

Exports\u00a0for the latest period were driven by the global demand for Japanese autos and semiconductors. Japan is home for\u00a0Toyota Motor Corp.,\u00a0Honda Motor Co.\u00a0and other top automakers.<\/p>\n

Global demand for computer chips being powered by interest in\u00a0AI, helping to support Japan\u2019s exports.<\/p>\n

Government consumption rose 1.6%.<\/p>\n

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Quarterly GDP growth was lower than what analysts had expected. The Japanese economy has been hurt by\u00a0the war in Iran, which has sent\u00a0energy\u00a0costs surging. That\u2019s especially difficult for resource-poor Japan, which imports almost all its oil.<\/p>\n

The Strait of Hormuz, a vital transport route for oil exports from the Persian Gulf to Asia, has been effectively blocked due to the war, pushing prices higher. Japan has released some oil reserves and is working on alternate routes.<\/p>\n

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Brent crude has been recently trading at about $88 a barrel, up from about $65 a year ago, although that\u2019s lower than earlier this year, when it shot above $110 a barrel.<\/p>\n

Read more Burger King is closing the gap in the burger wars with a simple formula: Better food and a star executive who takes customers\u2019 calls himself<\/a><\/p>\n

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A weak yen has also worked as a plus for some Japanese companies, including giant exporters like Toyota, boosting the value of overseas earnings when translated into yen.<\/p>\n

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But a weak yen makes it more expensive to import raw materials, raising prices for consumers and denting spending.<\/p>\n

Concerns have been growing about rising prices, as wage growth in Japan has been relatively stagnant.<\/p>\n

Prime Minister Sanae Takaichi\u00a0has promised to get growth going again, but her public support ratings, while still high compared to some of her predecessors, have been gradually sinking.<\/p>\n

The U.S. dollar has been trading at near 160 Japanese yen levels lately, up from about 145 yen a year ago. It was trading at about 159 yen after Monday\u2019s economic data got released.<\/p>\n

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The Bank of Japan recently raised its economic growth outlook to 0.6% for the fiscal year through March next year, from an earlier 0.5%.<\/p>\n

Read more Walmart and McDonald\u2019s aren\u2019t the SNAP kings anymore \u2014 Uber, Lyft and DoorDash lead in workers on food stamps<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Net exports supplied 0.5 point of Japan\u2019s 0.3% quarterly GDP gain as consumption stayed flat and business investment fell 1.2%.<\/p>\n","protected":false},"author":1,"featured_media":5458,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-5459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-japan"],"yoast_head":"\nJapan\u2019s economy notches 1.1% growth rate as spending dips 1.2% and PM sinks in polling - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=5459\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan\u2019s economy notches 1.1% growth rate as spending dips 1.2% and PM sinks in polling - 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