{"id":18408,"date":"2026-05-07T07:23:51","date_gmt":"2026-05-07T07:23:51","guid":{"rendered":"https:\/\/www.europesays.com\/japan\/18408\/"},"modified":"2026-05-07T07:23:51","modified_gmt":"2026-05-07T07:23:51","slug":"japans-economy-contracts-as-exports-get-hit-by-us-tariffs-7","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/japan\/18408\/","title":{"rendered":"Japan&#8217;s economy contracts as exports get hit by US tariffs"},"content":{"rendered":"<p>\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"600\" fetchpriority=\"high\" src=\"https:\/\/www.arabtimesonline.com\/arabtimes\/uploads\/images\/2025\/11\/17\/98661.jpeg\" alt=\"CAMH704\" onerror=\"this.src=\"\/><\/p>\n<p>A container ship is docked at a cargo terminal in Tokyo on April 9. (AP)<\/p>\n<p class=\"article-text\">TOKYO, Nov 17, (AP): Japan\u2019s economy  contracted at a 1.8% annual pace in July-September as US President Donald  Trump\u2019s tariffs hit exports and private residential investment plunged.  Data released by the government Monday showed that on a  quarter-by-quarter basis, Japan\u2019s gross domestic product, the sum value  of its goods and services, slipped 0.4%, the first contraction in six  quarters. <\/p>\n<p class=\"article-text\">The annualized rate shows what the economy would have done if the same  rate were to continue for a year. The contraction was a slight  improvement from the 0.6% quarterly drop in March-June.  Exports fell 4.5% in annual terms in the three months through September. As Trump implemented higher tariffs on imports from many countries  earlier this year, businesses ramped up their exports to try to beat  higher costs.<\/p>\n<p class=\"article-text\"> That inflated some of the earlier data for exports. Imports for the third quarter slipped 0.1%. Private consumption edged up 0.1% during the quarter.  Analysts said a 32.5% year-on-year drop in private residential  investment, or 9.4% in quarterly terms, was mainly due to revisions of  Japan&#8217;s building code that caused housing starts to plunge after they  took effect in April, the start of Japan&#8217;s fiscal year.<\/p>\n<p class=\"article-text\">  Tariffs are a major blow to Japan\u2019s export-reliant economy, led by  powerful automakers like Toyota Motor Corp., although many manufacturers  have moved production abroad to avert the impact from tariffs and other  trade controls. The U.S. imposes a 15% tariff surcharge on nearly all Japanese imports. That&#8217;s down from Trump&#8217;s earlier plan for a 25% tariff. <\/p>\n<p class=\"article-text\"> Prime Minister Sanae Takaichi, who took office in October, has vowed to  revive the economy and is expected to boost government spending, among  other policies. That could complicate the central bank&#8217;s efforts to rein  in inflation by raising interest rates from their longstanding level  near zero. The lackluster level of activity in the last quarter means a possible  rate hike in December is unlikely, Marcel Thieliant of Capital Economics  said in a report.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A container ship is docked at a cargo terminal in Tokyo on April 9. (AP) TOKYO, Nov 17,&hellip;\n","protected":false},"author":2,"featured_media":18409,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[2296,14622,14619,191,189,2618,14620,14621,188,410,190,2749,25],"class_list":{"0":"post-18408","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-as","9":"tag-by","10":"tag-contracts","11":"tag-economy","12":"tag-economy-of-japan","13":"tag-exports","14":"tag-get","15":"tag-hit","16":"tag-japans-economy","17":"tag-japans","18":"tag-japanese-economy","19":"tag-tariffs","20":"tag-us"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/18408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=18408"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/18408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/18409"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=18408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=18408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=18408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}