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Japan Q2 GDP growth misses forecasts
Japan's economy grew by 1.1% in the second quarter of 2026, according to official data, even though forecasts had indicated a 2% growth. This growth was primarily driven by an increase in exports, which exceeded expectations. However, it was limited by weak domestic demand and rising energy prices due to the conflict in the Middle East, which led to a depreciation of the yen and higher energy costs for consumers and businesses. Additionally, the Bank of Japan revised upward its forecast for GDP growth in the 2026 fiscal year from 0.5% to 0.6%, expecting continued moderate growth but at a slower pace due to the impact of rising oil prices. There is potential that government measures and increased global demand for semiconductors could offset some of the effects.
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