Japan Likely Eked Out Growth Last Quarter Even as Tariffs Hit

Japan’s economy likely managed to avoid falling into a recession by posting modest growth in the second quarter, as domestic demand led by capital spending offset the drag from US tariffs, according to economists surveyed by Bloomberg.

Gross domestic product likely expanded at an annualized pace of 0.4% in the three months through June compared with the prior period, when GDP contracted, according to the median estimate of economists.