Japan’s economy has contracted for the first time in six quarters, marking a shift in its recent growth trajectory. The decline is attributed to the impact of global trade tensions and shifting export dynamics. While the country had maintained expansion through much of the past year and a half, external pressures have now taken a toll. The latest figures reflect a reversal in economic momentum, highlighting vulnerabilities in an export-dependent model. Analysts note that tariffs and supply chain adjustments have played a significant role in dampening activity. This contraction breaks a streak of consistent quarterly growth and raises questions about the resilience of Japan’s current economic strategy amid ongoing international uncertainties.
— news from Reuters
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Japan’s economy contracts for first time in six quarters on tariff hit Reuters