Japan GDP Growth Annualized

The Japanese economy grew by 2.8% on an annualized basis in Q4 of 2024, aligning with market estimates and accelerating from a revised 1.7% increase in Q3, according to preliminary figures. The latest result represented the third consecutive yearly expansion, amid a strong rebound in capital expenditure. Additionally, government spending quickened, up for the fourth straight quarter. Moreover, net trade made a positive contribution for the first time in five quarters, with exports continuing to increase even as US President Donald Trump’s tariff risks fuel concerns about the shipment outlook, while imports declined after two consecutive periods of growth. Meanwhile, private consumption rose for the third quarter in a row, though its growth slowed significantly amid elevated costs and higher interest rates.