Japan’s economy expanded at an annualized rate of 1.1% in Q2 2026, easing from a marginally revised 1.9% growth in the previous quarter and missing market expectations of 2.0%, a preliminary reading showed. Private consumption, which accounts for more than half of economic output, made no contribution to GDP amid elevated cost pressures, in contrast to government spending, which picked up due to massive economic support measures. Meanwhile, the decline in capital spending deepened amid mounting geopolitical tensions. Net trade contributed positively, as exports increased while imports fell. Analysts warned that rising import costs and intensifying upstream price pressures could eventually pass through to households, weighing on consumer spending later in the year. Private consumption is also expected to soften in Q3, following a temporary boost in durable-goods demand, including autos and air conditioners, ahead of policy and regulatory changes in April-June. source: Cabinet Office, Japan

GDP Growth Annualized in Japan decreased to 1.10 percent in the second quarter of 2026 from 1.80 percent in the first quarter of 2026. GDP Growth Annualized in Japan averaged 1.79 percent from 1980 until 2026, reaching an all time high of 21.50 percent in the third quarter of 2020 and a record low of -26.00 percent in the second quarter of 2020. This page provides the latest reported value for - Japan GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan GDP Growth Annualized - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

GDP Growth Annualized in Japan decreased to 1.10 percent in the second quarter of 2026 from 1.80 percent in the first quarter of 2026. GDP Growth Annualized in Japan is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan GDP Growth Annualized is projected to trend around 2.10 percent in 2027 and 2.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-07 11:50 PM
GDP Growth Annualized Final
Q1 1.8% 0.7% 1.3% 2.1%
2026-08-16 11:50 PM
GDP Growth Annualized Prel
Q2 1.1% 1.9% 2% 1.9%
2026-09-07 11:50 PM
GDP Growth Annualized Final
Q2 1.8% 1.1% 1.1%


Related Last Previous Unit Reference
GDP Annual Growth Rate 0.70 0.50 percent Jun 2026
GDP Constant Prices 598288.00 596624.40 JPY Billion Jun 2026
GDP from Agriculture 5899.90 5846.30 JPY Billion Dec 2024
GDP from Construction 31263.60 33235.90 JPY Billion Dec 2024
GDP from Manufacturing 110990.40 117803.70 JPY Billion Dec 2024
GDP from Mining 210.10 213.60 JPY Billion Dec 2024
GDP from Public Administration 28319.80 27748.90 JPY Billion Dec 2024
GDP from Services 24487.50 25345.00 JPY Billion Dec 2024
GDP from Transport 32462.70 31309.90 JPY Billion Dec 2024
GDP from Utilities 18737.60 17352.40 JPY Billion Dec 2024
GDP Growth Annualized 1.10 1.80 percent Jun 2026
GDP Growth Rate 0.30 0.50 percent Jun 2026
GDP Capital Expenditure 107425.00 108690.30 JPY Billion Jun 2026
Gross National Product 622691.70 625478.60 JPY Billion Jun 2026


Japan GDP Growth Annualized
GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year.
Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.80 21.50 -26.00 1980 - 2026 percent Quarterly
SA, Constant Prices

News Stream
Japan Economy Advances at Annualized 1.1% in Q2
Japan’s economy expanded at an annualized rate of 1.1% in Q2 2026, easing from a marginally revised 1.9% growth in the previous quarter and missing market expectations of 2.0%, a preliminary reading showed. Private consumption, which accounts for more than half of economic output, made no contribution to GDP amid elevated cost pressures, in contrast to government spending, which picked up due to massive economic support measures. Meanwhile, the decline in capital spending deepened amid mounting geopolitical tensions. Net trade contributed positively, as exports increased while imports fell. Analysts warned that rising import costs and intensifying upstream price pressures could eventually pass through to households, weighing on consumer spending later in the year. Private consumption is also expected to soften in Q3, following a temporary boost in durable-goods demand, including autos and air conditioners, ahead of policy and regulatory changes in April-June.
2026-08-16
Japan Economy Expands at Annualized 1.8% in Q1
Japan’s economy expanded at an annualized rate of 1.8% in Q1 2026, revised lower from the preliminary estimate of 2.1% but still exceeding market expectations of 1.3%. Growth also accelerated from a downwardly revised 0.7% increase in Q4, marking the strongest annualized rise in four quarters. Private consumption strengthened, while public investment rose for the first time in three quarters, supported by higher infrastructure and reconstruction-related spending. Government expenditure increased for a fourth consecutive quarter, although the pace slowed slightly from the prior period. Net trade also made a solid positive contribution to growth, driven by stronger exports. In contrast, business investment contracted after expanding in Q4, as elevated borrowing costs and softer corporate sentiment dampened firms' appetite for capital spending. Meanwhile, uncertainty surrounding the Middle East conflict may weigh on economic activity in the quarters ahead.
2026-06-08
Japan Economy Expands at Annualized 2.1% in Q1
Japan’s economy advanced at an annualized pace of 2.1% in Q1 2026, picking up from a downwardly revised 0.8% growth in Q4 and exceeding market expectations of 1.7%, a preliminary reading showed. It was the fastest yearly growth in six quarters, supported by a faster rise in private consumption and a solid contribution from net trade. Meanwhile, public investment rebounded strongly, increasing for the first time in three quarters, due to higher infrastructure and reconstruction-related spending. Government outlays increased for a fourth straight quarter, though the pace slowed sharply from the previous period. At the same time, capital expenditure continued to expand but lost momentum significantly, as high borrowing costs and weaker business confidence weighed on investment appetite.
2026-05-19