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Japan's Q2 economic slowdown amid tensions
Japan's economy experienced a slowdown in GDP growth during the second quarter of 2026, with the annual growth rate registering at 1.1% instead of the expected 2%, while quarterly growth reached 0.3% compared to an anticipated 0.5%. This slowdown is attributed to a decline in capital expenditure, although exports managed to offset part of the weak domestic demand. Private consumption sales decreased by 0.02%, and capital spending fell by 1.2%. Geopolitical tensions in the Middle East led to rising fuel prices and disruptions in some supply chains. However, markets expect the Bank of Japan's policies to continue tightening monetary policy, with a 80% likelihood of interest rate hikes at its upcoming September meeting.
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