Japan Oct.-Dec. GDP Growth Revised Up to 1.3 Pct at Annual Rate

Tokyo, March 10 (Jiji Press)–Japan’s seasonally adjusted gross domestic product in October-December last year rose 0.3 pct from the previous quarter in price-adjusted real terms, posting annualized growth of 1.3 pct, the Cabinet Office said in a revised report Tuesday. The results for the final quarter of 2025 were stronger than the respective preliminary readings of 0.1 pct and 0.2 pct announced last month, thanks in part to an upward revision for business fixed investment. The country’s GDP marked the first growth in two quarters, recovering from the 2.6 pct annualized fall in July-September mainly blamed on the impact of the high tariff policy of the administration of U.S. President Donald Trump. However, concerns are looming about the course of the Japanese economy amid crude oil price gyrations reflecting uncertainty over the Iran situation, analysts said. According to the revised GDP data, the quarter-on-quarter growth of corporate capital spending was revised up to 1.3 pct from 0.2 pct, with the inclusion of the results of the Finance Ministry’s October-December corporate survey released earlier this month. Private consumption, making up more than half of the GDP, went up 0.3 pct, better than the preliminary reading of 0.1 pct growth, supported by firmer-than-expected sales of games and toys. Meanwhile, the contribution of private inventory changes to the quarter-on-quarter GDP growth came to minus 0.3 pct, compared with minus 0.2 pct, due to increased drawdowns of stocks. Government consumption rose 0.4 pct, stronger than the 0.1 pct increase in the preliminary report. The drop in public investment narrowed to 0.5 pct from 1.3 pct. Both exports and imports fell 0.3 pct, unchanged from the preliminary data. In nominal terms, Japan’s GDP grew a revised 0.9 pct quarter on quarter, for an annualized increase of 3.5 pct, up respectively from 0.6 pct and 2.3 pct announced last month. The nation’s GDP for the whole of 2025 expanded 1.2 pct from the preceding year in real terms, up from the preliminary increase of 1.1 pct. Its nominal GDP in the year totaled 663,757.3 billion yen, up a revised 4.7 pct. The growth was rosier than 4.5 pct shown in the preliminary report. END [Copyright The Jiji Press, Ltd.]