Jin10 data reported on June 2nd, economists stated that the revised GDP data for Japan scheduled to be released next week may confirm that the Japanese economy will contract in the first quarter of 2025. A corporate survey released on Monday indicated that capital expenditures may not see significant adjustments. Preliminary data released in mid-May showed that the actual GDP for the January-March quarter contracted at an annualized rate of 0.7%. Takeshi Minami, an economist at Norinchukin Research Institute, stated: “During the current period from April to June, the economy may contract for the second consecutive quarter, as wage growth is lagging behind the persistent rise in food prices, including rice, consumer spending may still remain sluggish, and Trump’s tariffs are expected to continue putting pressure on exports and capital investment.”
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