【环球财经】日本2025年第四季度GDP增速远低于市场预期

Group 1 - The core viewpoint of the article indicates that Japan's economic growth in the fourth quarter of 2025 was significantly below market expectations, with a quarter-on-quarter increase of only 0.1% and an annualized growth rate of 0.2% compared to the anticipated 1.6% to 1.7% [1] - Personal consumption, which accounts for over half of Japan's economic output, only saw a quarter-on-quarter increase of 0.1%, while corporate equipment investment grew by 0.2%, falling short of the expected 0.8% [1] - Public demand, including government consumption and public investment, decreased by 0.2% quarter-on-quarter, and changes in private inventory also suppressed domestic demand growth for the quarter [1] Group 2 - The contribution of domestic demand to economic growth for the quarter was effectively zero, at 0.0 percentage points [1] - External demand, which Japan hoped would drive economic growth, also contributed nothing to growth, with exports of goods and services declining by 0.3% and imports also decreasing by 0.3% [1] - For the entire year of 2025, Japan's real GDP growth was reported at 1.1%, while nominal GDP growth was at 4.5% [2]