Learn macroeconomic indicators and economic analysis
Japan's Q2 2026 GDP grew 0.4% QoQ in real terms as consumption stalled, business investment fell 0.9%, and imports dropped 1.7%.
Real GDP rose 0.3% QoQ in Apr–Jun 2026. Consumption was flat, capex fell for a second quarter, and imports supported growth. Nominal GDP accelerated 4.8% annualized.
Real GDP rose +0.5% QoQ (annualized +1.8%) in Jan–Mar 2026, driven by a large export increase; private capex fell -0.7% QoQ, highlighting domestic demand fragility.
Real GDP grew QoQ +0.5% (annualized +2.1%) in 2026 Q1, led by a large export increase; consumption, business investment and public demand all contributed positively.
Real GDP rose q/q +0.3% (annualized +1.3%). Capex led with +1.3%; net external demand was neutral as exports/imports both -0.3%. BOJ continues normalization amid easing CPI.
Real GDP rose QoQ +0.1% in Q4 2025, recovering from the prior quarter. Domestic demand supported growth while simultaneous declines in exports and imports restrained it.
