Japan’s GDP grew 0.4% quarter-on-quarter in Q2 2026, slightly higher than flash data of 0.3% and in line with market forecasts. It was the third straight quarter of expansion, amid an upward revision in government spending (1.7% vs 1.6% in the preliminary reading, after a 0.4% rise in Q1). At the same time, business investment fell less than anticipated (-0.9% vs -1.2% in flash figures, after a 1.0% decline in Q1), suggesting relatively resilient corporate spending. Meanwhile, external demand contributed positively (0.5 ppts), as exports rose (0.4% vs 1.7% in Q1) while imports fell (-1.7% vs 0.3%). Private consumption, which accounts for more than half of the economy, was flat, matching the earlier estimate and reversing from 0.4% growth in Q1, as elevated cost pressures weighed on household spending. source: Cabinet Office, Japan

The Gross Domestic Product (GDP) in Japan expanded 0.40 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Japan averaged 0.42 percent from 1980 until 2026, reaching an all time high of 5.00 percent in the third quarter of 2020 and a record low of -7.20 percent in the second quarter of 2020. This page provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Japan expanded 0.40 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Japan is expected to be 0.10 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 Rate is projected to trend around 0.40 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-16 11:50 PM
QoQ Prel
Q2 0.3% 0.5% 0.5% 0.4%
2026-09-07 11:50 PM
QoQ Final
Q2 0.4% 0.5% 0.4% 0.3%
2026-11-15 11:50 PM
QoQ Prel
Q3 0.4% 0.1%



Components Last Previous Unit Reference
GDP Growth Net Trade Contribution 0.50 0.30 percentage points Jun 2026

Related Last Previous Unit Reference
Full Year GDP Growth 1.10 -0.20 percent Dec 2025
GDP Annual Growth Rate 0.70 0.50 percent Jun 2026
GDP Constant Prices 598950.50 596799.30 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 1.40 1.80 percent Jun 2026
GDP Growth Rate 0.40 0.50 percent Jun 2026
GDP Capital Expenditure 107633.80 108653.40 JPY Billion Jun 2026
Gross National Product 623308.00 625647.10 JPY Billion Jun 2026


Japan GDP Growth Rate
Japan's industrialized, free market economy is the fourth biggest in the world. Japan has the largest electronics industry and the third largest automobile industry in the world. Japan’s economy is well-known by its efficiency and competitiveness in exports oriented sectors, but productivity is lower in areas such as agriculture, distribution, and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.50 5.00 -7.20 1980 - 2026 percent Quarterly
SA

News Stream
Japan Q2 GDP Growth Revised Higher
Japan’s GDP grew 0.4% quarter-on-quarter in Q2 2026, slightly higher than flash data of 0.3% and in line with market forecasts. It was the third straight quarter of expansion, amid an upward revision in government spending (1.7% vs 1.6% in the preliminary reading, after a 0.4% rise in Q1). At the same time, business investment fell less than anticipated (-0.9% vs -1.2% in flash figures, after a 1.0% decline in Q1), suggesting relatively resilient corporate spending. Meanwhile, external demand contributed positively (0.5 ppts), as exports rose (0.4% vs 1.7% in Q1) while imports fell (-1.7% vs 0.3%). Private consumption, which accounts for more than half of the economy, was flat, matching the earlier estimate and reversing from 0.4% growth in Q1, as elevated cost pressures weighed on household spending.
2026-09-07
Japan Q2 GDP Growth Below Estimates
Japan’s GDP grew 0.3% quarter-on-quarter in Q2 2026, slowing from Q1’s pace and falling short of market expectations for 0.5%, flash data showed. Domestic demand subtracted 0.2 percentage points from growth, as private consumption was flat (vs 0.3% in Q1), missing estimates for a 0.5% increase amid persistent cost pressures. Capital expenditure fell further (-1.2% vs -1.0%), reflecting weaker business sentiment and heightened uncertainty over the economic outlook, against forecasts for a 0.4% gain. Meanwhile, external demand contributed 0.5 percentage points to growth, cushioning the slowdown as exports rose 0.5% while imports fell 1.5%, reversing a 0.3% increase in Q1. Economists caution that growth may soften in Q3 as Middle East war-related price pressures further squeeze household finances and corporate budgets.
2026-08-16
Japan Confirms Faster Q1 GDP Growth
Japan’s GDP grew 0.5% qoq in Q1 2026, matching flash data and accelerating from a 0.2% gain in Q4. The latest result was also above market estimates of 0.3%, marking the strongest quarterly increase since Q1 2025. Private consumption picked up (0.3% vs 0.1% in Q4, in line with an earlier estimate), reflecting easing cost pressures and steady wage growth. Public investment rose for the first time in three quarters (1.5% vs 1.4% in flash figures, after a 0.1% drop in Q4), boosted by solid infrastructure spending. Net trade added positively, with exports quickening (1.8% vs 1.7% in flash data, after a 0.2% rise in Q4) on strong overseas demand for autos, and imports rising 0.4% (compared with 0.5% in flash data, after a flat reading in Q4). Government spending growth was little changed (0.3% vs 0.4% in Q4), while business investment was revised downward (-0.7% vs preliminary reading of a 0.3% rise, after a 1.2% gain in Q4), due to higher interest rates and softer corporate sentiment.
2026-06-07