日本实际GDP年率6个季度来首陷负增长

Core Viewpoint - Japan's GDP for the third quarter of 2025 shows a decline, marking the first negative growth in six quarters, with a seasonally adjusted real value down 0.4% from the previous quarter, translating to an annualized decrease of 1.8% [2][4]. Economic Performance - The actual GDP size for July to September, annualized, is 561.7 trillion yen [5]. - Exports decreased by 1.2%, marking the first negative growth in two quarters, primarily affected by U.S. tariff policies leading to reduced automobile exports [5]. - Imports fell by 0.1%, the first negative growth in three quarters, influenced by declines in oil, natural gas, and air travel-related sectors [5]. - Private residential investment saw a significant drop of 9.4%, the first negative growth in three quarters, due to stricter housing energy standards implemented in April [5]. Consumer Behavior - Personal consumption increased by 0.1%, maintaining positive growth for six consecutive quarters, although the growth rate has slowed [5]. - The hot summer contributed to increased sales in beverages, including alcoholic drinks, and growth in dining services, while autumn clothing sales and automobile consumption showed significant weakness [5]. Investment Trends - Equipment investment grew by 1.0%, marking the fourth consecutive quarter of increase, driven by labor shortages prompting automation investments and ongoing expansion in software investment [6].