The Cabinet Office released revised data indicating that public gross capital formation, previously estimated to have grown by 0.1% in November, actually experienced a quarterly decline of 1.1%.
Public spending, on the other hand, increased by only 0.2%, compared to the initially indicated 0.5%.
Private consumption, which constitutes approximately 60% of the Japanese economy, was slightly revised upward, showing a 0.2% growth between July and September, one-tenth higher than the preliminary estimates.
Despite this improvement, domestic demand was hindered by a 0.2% drop in corporate fixed capital formation, contrasting with the 1% expansion projected in November.
Exports remained unchanged from previous data, with a 1.2% decline attributed to tariffs imposed by the United States, a major factor in the economic contraction.
Imports, however, were revised downward, decreasing by 0.4%, compared to the initially calculated 0.1% decline.
In the second quarter of the year, Japan’s GDP had grown by 0.5% sequentially, according to revised data.
On a year-on-year basis, GDP growth between July and September was also revised downward, from 1.1% to 0.6%. The growth estimate for the first quarter, compared to the same period in 2024, was similarly adjusted downward from 1.8% to 1.6%.
The Tokyo Stock Exchange opened today with a mixed trend, with the benchmark Nikkei index falling 0.3% around twenty minutes after the session began.
